{"id":1004711716,"date":"2024-04-25T08:23:04","date_gmt":"2024-04-25T16:23:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004711716"},"modified":"2024-04-25T08:23:07","modified_gmt":"2024-04-25T16:23:07","slug":"gtis-partners-kicks-off-dfw-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/","title":{"rendered":"GTIS Partners Kicks Off DFW Industrial Project"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-medium is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004711718\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/opt-2-nw-corner\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg\" data-orig-size=\"1443,1081\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Opt 2 NW Corner\" data-image-description=\"&lt;p&gt;121 Commerce Center&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Rendering of 121 Commerce Center. Image by Alliance Architects, courtesy of Stream Realty Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg?w=1024\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg?w=300\" alt=\"121 Commerce Center\" class=\"wp-image-1004711718\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg 1443w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg?resize=1024,767 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\">GTIS aims to complete the industrial asset by early 2025.<em> Image by Alliance Architects, courtesy of Stream Realty Partners<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>GTIS Partners has commenced construction on 121 Commerce Center, an industrial development totaling 272,160 square feet of space in Grapevine, Texas. Stream Realty Partners will handle leasing operations. The asset is planned to come online in the first quarter of 2025.<\/p>\n\n\n\n<p>In October, Newmark arranged joint venture equity financing for the ground-up project, on behalf of the developer.<\/p>\n\n\n\n<p>The rear-load property is taking shape at 1800 State Highway 121. It will feature 36-foot clear heights, 54 dock doors, two ramp doors and 403 vehicle parking spots. Suites will be available in 90,720-square-foot configurations.<\/p>\n\n\n\n<p>The 17-acre industrial development is near Interstate 635 and within 4 miles from Dallas Fort Worth International Airport, 18 miles from Dallas Love Field Airport, 22 miles from Dallas and within 29 miles of Fort Worth, Texas.<\/p>\n\n\n\n<p>Stream Realty Partners Senior Vice Presidents Sarah Ozanne and Mac Hall will lead leasing efforts for the industrial project, while GTIS Partners Managing Director Gaurav Sahay, Acquisitions Associate Macklin Grant, and Vice President Amanda Matthews are overseeing the development and asset management at 121 Commerce Center.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-second-largest-pipeline-in-the-u-s\">The second-largest pipeline in the U.S.<\/h2>\n\n\n\n<p>As of February, <a href=\"https:\/\/www.commercialedge.com\/blog\/national-industrial-report\/\">Dallas had the second-largest industrial pipeline<\/a> in the U.S. and led the Southern region, a recent CommercialEdge report shows. With a total of 27.2 million square feet in its pipeline\u20142.9 percent of existing stock\u2014the Metroplex was outperformed only by Phoenix, which had 42.7 million square feet.<\/p>\n\n\n\n<p>Earlier this month, a joint venture of <a href=\"https:\/\/www.commercialsearch.com\/news\/mbk-industrial-jv-breaks-ground-on-dallas-area-campus\/\">MBK Industrial and Hopewell Development<\/a> started work on a 173,680-square-foot project in Irving, Texas. Colliers is in charge of leasing.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/eastgroup-properties-breaks-ground-on-dfw-industrial-project\/\">EastGroup Properties&#8217; Denton Exchange 35<\/a> is another significant development in the Metroplex. The company broke ground earlier this month and tapped Stream Realty Partners as leasing agent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stream Realty Partners will handle leasing.<\/p>\n","protected":false},"author":2991,"featured_media":1004711718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21782,21748,21742,51973],"tags":[46712,33358],"class_list":["post-1004711716","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-development","category-industrial","category-latest","category-southwest","tag-gtis-partners","tag-stream-realty-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GTIS Partners Kick Off DFW Industrial Project<\/title>\n<meta name=\"description\" content=\"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, 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\/gtis-partners-kicks-off-dfw-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GTIS Partners Kicks Off DFW Industrial Project\" \/>\n<meta property=\"og:description\" content=\"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-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=\"2024-04-25T16:23:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-25T16:23:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1443\" \/>\n\t<meta property=\"og:image:height\" content=\"1081\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\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\/gtis-partners-kicks-off-dfw-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/\",\"name\":\"GTIS Partners Kick Off DFW Industrial Project\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg\",\"datePublished\":\"2024-04-25T16:23:04+00:00\",\"dateModified\":\"2024-04-25T16:23:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg\",\"width\":1443,\"height\":1081,\"caption\":\"Rendering of 121 Commerce Center. Image by Alliance Architects, courtesy of Stream Realty Partners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"GTIS Partners Kicks Off DFW Industrial Project\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"GTIS Partners Kick Off DFW Industrial Project","description":"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, Texas.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/","og_locale":"en_US","og_type":"article","og_title":"GTIS Partners Kicks Off DFW Industrial Project","og_description":"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, Texas.","og_url":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-04-25T16:23:04+00:00","article_modified_time":"2024-04-25T16:23:07+00:00","og_image":[{"width":1443,"height":1081,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/","url":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/","name":"GTIS Partners Kick Off DFW Industrial Project","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg","datePublished":"2024-04-25T16:23:04+00:00","dateModified":"2024-04-25T16:23:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"GTIS Partners started construction on 121 Commerce Center, a 272,160-square-foot industrial project in Grapevine, Texas.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg","width":1443,"height":1081,"caption":"Rendering of 121 Commerce Center. Image by Alliance Architects, courtesy of Stream Realty Partners"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/gtis-partners-kicks-off-dfw-industrial-project\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"GTIS Partners Kicks Off DFW Industrial Project"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/Opt-2-NW-Corner-e1714032301963.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004711716"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711716\/revisions"}],"predecessor-version":[{"id":1004711965,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004711716\/revisions\/1004711965"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004711718"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004711716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004711716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004711716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}