{"id":1004677093,"date":"2023-08-23T04:14:44","date_gmt":"2023-08-23T12:14:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004677093"},"modified":"2023-08-29T10:57:30","modified_gmt":"2023-08-29T18:57:30","slug":"mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw\/","title":{"rendered":"McMaster-Carr to Open $360M HQ, Distribution Center in DFW"},"content":{"rendered":"
\"One<\/a>

One of the McMaster-Carr distribution facilities near Atlanta in Douglasville, Ga. Image courtesy of CommercialEdge<\/em><\/p><\/div>\n

The Dallas-Fort Worth industrial market is set to expand, as McMaster-Carr Supply Co.<\/strong> is planning to establish a regional headquarters and distribution center in the metro. The city of Fort Worth has just approved an $18 million incentive package for the project, according to the Fort Worth Report<\/em>.<\/p>\n

The facility will be McMaster-Carr’s sixth regional headquarters and distribution facility, and its first in the southwest.<\/p>\n

As part of the deal, the city will provide 10 annual grants that will represent 85 percent of maintenance and operations, as well as up to 50 percent of the incremental city 1 percent sales tax revenues, the Dallas Business Journal <\/em>reported.<\/p>\n

McMaster-Carr will invest a total of $360 million in the project, of which half will be used for site development and the other half in business personal property, according to city documents. As part of the commitment, the company will create a minimum of 250 full-time jobs by the end of the sixth operating year, with a minimum average annual salary of $85,000.<\/p>\n

\n

READ ALSO:<\/strong> Mixed Bag For Construction Starts in 1st Half<\/a><\/p>\n

\n

The proposed distribution facility will take shape on a 117-acre site located at 4894-4896 Litsey Road, some 20 miles from downtown Fort Worth and 35 miles from downtown Dallas. The property will be in close proximity to the DFW International Airport, as well as FedEx, Amazon, LG Electronics, Walmart and other distribution centers.<\/p>\n

E-commerce distribution company McMaster-Carr is a supplier of hardware, tools, raw materials and industrial materials and maintenance equipment. Founded in 1901, the company is present in five other major cities across the U.S., including Atlanta, Chicago, Cleveland, Los Angeles and New Jersey. The distribution facilities, built between 1985 and 2015, range between 569,030 square feet to 1.6 million square feet, CommercialEdge data shows.<\/p>\n

Dallas-Fort Worth’s strong industrial market<\/h2>\n

Only second after Phoenix ($58.9 million), Dallas-Fort Worth had 52.7 million square feet under construction as of June, representing 5.9 percent of stock, according to a recent CommercialEdge report<\/a>. The market had a vacancy rate of 3.9 percent, after recording an average 6.5 percent rise in rents over a 12-month period.<\/p>\n

Some notable projects currently in the works in the Dallas-Fort Worth market include a solar panel manufacturing plant<\/a> which is being developed by Canadian Solar<\/strong>. The $250 million facility is set to break ground by the end of 2023 in Mesquite, Texas.<\/p>\n

The 27,000-acre master-planned development AllianceTexas<\/a> in Fort Worth is also adding two speculative industrial buildings to its campus. Hillwood recently broke ground on the buildings, each measuring 224,616 square feet, and set to be completed by the first quarter of 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"

An $18 million incentive package from the city of Fort Worth will support the project. <\/p>\n","protected":false},"author":2829,"featured_media":1004677094,"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":[52135],"class_list":["post-1004677093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-featured","category-industrial","category-latest","category-southwest","tag-mcmaster-carr-supply-company"],"acf":[],"yoast_head":"\nMcMaster-Carr to Open $360M HQ, Distribution Center in DFW - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"McMaster-Carr Supply Co. received an $18 million incentive package for the development of a distribution facility in Fort Worth, 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\/mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"McMaster-Carr to Open $360M HQ, Distribution Center in DFW\" \/>\n<meta property=\"og:description\" content=\"McMaster-Carr Supply Co. received an $18 million incentive package for the development of a distribution facility in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw\/\" \/>\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=\"2023-08-23T12:14:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-29T18:57:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/08\/McMaster-Carr-distribution-facility-in-Douglasville-Ga.-Image-courtesy-of-CommercialEdge-e1692773464892.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"943\" \/>\n\t<meta property=\"og:image:height\" content=\"706\" \/>\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\/mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mcmaster-carr-to-open-360m-hq-distribution-center-in-dfw\/\",\"name\":\"McMaster-Carr to Open $360M HQ, Distribution Center in DFW - 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