12 Sep Another DFW Airport warehouse project is in the works
Boston-based investor Cabot Properties Inc. and Dallas’ Stream Realty Partners are planning a new industrial development at DFW International Airport.
The building will be the next phase in the International Logistics Center, a business park on the south side of the airport near State Highway 360 and Airport Freeway.
Stream Realty and Cabot broke ground in 2017 on the 646,796-square-foot, three-building International Logistics Center project. The warehouse buildings were fully leased last year to more than a dozen tenants..
Now the partners have filed plans with the state for a $17 million, 425,000-square-foot building to be constructed at 3901 20th Avenue.
The building was designed by GSR Andrade Architects and is scheduled to open in mid-2021.
Steam Realty and Cabot have also built local industrial projects in Frisco and Grand Prairie.
The planned building near DFW Airport joins a growing list of projects in that area. More than 5 million square feet of industrial space is in the works surrounding the airport.
And Dallas-Fort Worth is one of the country’s fastest-growing industrial building markets, with more than 30 million square feet of new space on the way.