By Ward Richmond
As consumer demand for delivery speed continues to grow, shippers around the globe are all focused on new ways to improve efficiencies throughout their supply chain. From where I’m standing, DFW looks like a pretty efficient place to be!
As we trek into Q3 2017, we see that the DFW industrial market is still going strong despite a 35% decrease in industrial leasing activity. Compared to the “large and in charge” midyear 2016 numbers– leasing is down from 30M SF to 20M SF.
Despite this slowdown in leasing, Q2 2017 numbers are still robust with rental rates continuing to push up, cap rates holding steady in the high 4’s/ low 5’s, and overall industrial vacancy decreasing slightly to 6.2% from 6.4% in Q2 2017.
This aforementioned activity all occurred in the South Dallas submarket, which is known as the home of the Big Bombers and here are a few reasons why…
Transpacific Development Co.
A real estate investment and development firm based in Torrance, California, Transpacific Development Co. purchased 713K SF soon-to-be delivered distribution hub which is 80% leased to Campbell Soup Supply Co. in Fort Worth.
Will break ground on its new 700,000 SF facility at 9901 Bonnie View Road by the end of the month. They bought the land from Dan McAuliffe at The Allen Group and will be developing themselves.
Based in Bolingbrook, Ill., S&S Activewear has leased 493,000 SF from Dallas-based Hunt Southwest Real Estate Development. Hunt Southwest began construction on the 657,000 SF facility about a year ago in the southeast quadrant of I-35W and Loop 820 in Fort Worth.
Currently representing Keller Logistics on the sale / lease of their ±472,234 SF Final Mile Logistics Center located minutes away from the Dallas CBD.
Currently marketing a 468,000 SF Build to Suit opportunity on behalf of CenterPoint Properties with Interstate 45 visibility in the heart of the South Dallas logistics hub directly across the freeway from the Union Pacific Intermodal.
Performance POP — Sale Leaseback
Represented Performance POP on a long-term sale leaseback of a two building portfolio comprised of 91,294 SF in Dallas.
AVG Qoated Rate:$3.83 SF
200,000-499,999 SF: 360/62
500,000-749,999 Sf: 85/12
750,000+ SF: 61/4