{"id":1004630495,"date":"2022-11-17T03:38:00","date_gmt":"2022-11-17T11:38:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004630495"},"modified":"2023-04-19T02:15:15","modified_gmt":"2023-04-19T10:15:15","slug":"lovett-industrial-launches-1-1-msf-dfw-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/","title":{"rendered":"Lovett Industrial Launches 1.1 MSF Dallas Project"},"content":{"rendered":"
\"\"<\/a>

Rendering of Innovation Ridge Logistics Park. Image courtesy of Lovett Industrial<\/p><\/div>\n

Lovett Industrial<\/strong> has broken ground on Innovation Ridge Logistics Park, a 1.1 million-square-foot industrial business park in Forney, Texas.<\/p>\n

Simmons Bank<\/strong> provided a construction loan of $66.7 million, according to Kaufman County records. The project is slated for completion in September 2023.<\/p>\n

The development team includes architect Ware Malcomb<\/strong>, Alston Construction<\/strong> as general contractor and Kimley Horn<\/strong> as civil engineer.<\/p>\n

Cushman & Wakefield<\/strong>\u2019s Executive Managing Directors Nathan Orbin and Kurt Griffin, alongside Senior Associate Dalton Knipe will oversee marketing efforts for the upcoming property.<\/p>\n

Upon completion, the industrial park will comprise three Class A speculative buildings. The largest is Building One at 817,400 square feet, a cross-dock facility with 40-foot clear height. The second and third facilities are both front-load buildings with 32-foot clear heights, comprising 175,092 square feet and 145,020 square feet, respectively. The campus will feature a total of 238 truck stalls.<\/p>\n

Innovation Ridge will take shape at 721 Ridgecrest Road, off U.S. Highway 80, with connections to interstates 30 and 635, just 30 miles from Dallas and 55 miles from Fort Worth, Texas. Several other companies in the surrounding area include Amazon, FedEx, Walmart and Lowe\u2019s, among others.<\/p>\n

Lovett’s Texas expansion<\/h2>\n

Innovation Ridge is Lovett\u2019s fourth industrial project in the Greater DFW area. Other developments include Texport Logistics in Wilmer, Texas, Lovett 35 Logistics Park in the Alliance submarket and Trinity West Business Park<\/a> in Dallas. The latest CommercialEdge report shows that Dallas-Fort Worth had the largest construction pipeline<\/a> in the U.S. as of September, adding up to 61.9 million square feet.<\/p>\n

Lovett is active in three other Texas markets, with projects in Houston, Austin and San Antonio, which along with its presence in DFW, add up to a pipeline of 3 million square feet in future developments and 4.2 million square feet underway. The company currently has 11 active projects in the Texas region, having recently broken ground on a 113-acre business park<\/a> in Houston, where Lovett has eight projects. One of the company’s largest projects includes a master-planned development encompassing more than 3.1 million square feet<\/a> across 10 buildings in Tomball, Texas, which broke ground in March.<\/p>\n","protected":false},"excerpt":{"rendered":"

Innovation Ridge Logistics Park is slated for completion in 2023.<\/p>\n","protected":false},"author":2829,"featured_media":1004630498,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21808,21748,21742,51973],"tags":[32799,51738],"class_list":["post-1004630495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-industrial","category-latest","category-southwest","tag-cushman-wakefield","tag-lovett-industrial"],"acf":[],"yoast_head":"\nLovett Industrial Launches 1.1 MSF Dallas Project - CPE<\/title>\n<meta name=\"description\" content=\"Lovett Industrial broke ground on Innovation Ridge Logistics Park, a 1.1 million-square-foot Class A industrial campus in Forney, Texas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lovett Industrial Launches 1.1 MSF Dallas Project\" \/>\n<meta property=\"og:description\" content=\"Lovett Industrial broke ground on Innovation Ridge Logistics Park, a 1.1 million-square-foot Class A industrial campus in Forney, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-17T11:38:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T10:15:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Innovation-Ridge-Logistics-Park-e1668680541892.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"771\" \/>\n\t<meta property=\"og:image:height\" content=\"579\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/\",\"name\":\"Lovett Industrial Launches 1.1 MSF Dallas Project - CPE\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Innovation-Ridge-Logistics-Park-e1668680541892.jpg\",\"datePublished\":\"2022-11-17T11:38:00+00:00\",\"dateModified\":\"2023-04-19T10:15:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"Lovett Industrial broke ground on Innovation Ridge Logistics Park, a 1.1 million-square-foot Class A industrial campus in Forney, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lovett-industrial-launches-1-1-msf-dfw-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Innovation-Ridge-Logistics-Park-e1668680541892.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/11\/Innovation-Ridge-Logistics-Park-e1668680541892.jpg\",\"width\":771,\"height\":579,\"caption\":\"Rendering of Innovation Ridge Logistics Park. 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