DALLAS – (Realty News Report) – Perot Development Co., in partnership with Invesco Real Estate, is developing DFW Park 161, a 196-acre industrial project totaling approximately 2.4 million square feet of logistics and warehouse space. The site is strategically positioned near Dallas/Fort Worth International Airport in Irving, adjacent to State Highway 161, offering a prime location for national and global distribution operations.
A JLL Capital Markets team composed of Stephen Bailey, Dustin Volz and John Rose arranged the construction financing and facilitated formation of the development partnership.
First United Bank is providing construction financing support for the project. Halff Associates is serving as the project architect and civil engineer, and Peinado Construction has been retained as the general contractor to oversee site development and building construction.
Cushman & Wakefield has been named the exclusive leasing advisor for the development in the Dallas–Fort Worth market. Kurt Griffin and Nathan Orbin, co-leaders of Cushman & Wakefield’s Dallas–Fort Worth team, are the designated leasing brokers charged with marketing the park to logistics, e-commerce and industrial tenants.
Perot Development CEO Pat Perot said the project leverages one of the region’s remaining centrally located infill parcels suited for a major e-commerce hub. “DFW Park 161 will expand Perot Development’s track record of delivering modern logistics centers that support the region’s primary economic engine, DFW International Airport,” he said.
May 17, 2020 Realty News Report. Copyright 2020.