Construction has kicked off on a massive new industrial park near Love Field.
Dallas-based Lincoln Property Company has started working on Brookhollow Business Center, a 312,000-square-foot industrial park, as part of the redevelopment of a 17-acre truck terminal facility on Empire Central Drive.
Once complete, the project will feature two new Class A industrial buildings.
The first, a 207,000-square-foot cross-dock facility with 36’ clearance, will feature 42 dock doors and 226 parking spaces. The second building, a rear-load facility with 32’ clearance, 27 dock doors, and 184 parking spaces, will be roughly half the size at 105,000 square feet.
As reported in The Dallas Express, Lincoln Property Company is also building the tallest skyscraper in the Lone Star State. Once finished, the Waterline skyscraper, situated in Austin, will stand 1,022 feet tall.
North Texas has seen a strong demand for industrial space in recent months.
Industrial vacancy rates were under 10% during the third quarter of 2024. For comparison, more than a quarter of all office space was vacant during the same period. This has prompted a spate of office-to-industrial conversions.
The new Brookhollow Business Center is projected to be complete by October 2025.
While the project’s costs have not been disclosed, the Texas Department of Licensing and Regulation estimates that they are around $24 million.
“Light industrial, shallow-bay properties like Brookhollow offer the greatest opportunity to meet the current market demand, as well as benefit from the sustained rent growth seen in the DFW industrial market, which is a result of a limited supply and lack of new construction in this segment of the market… These benefits are only bolstered by the growth in jobs and population that the DFW Metroplex has seen in recent years, which creates tremendous demand for this type of industrial product,” Lincoln’s Senior Vice President Michael Peinado said in a statement, per the DMN.
While Dallas-Fort Worth saw a sharp 71% year-over-year drop in square feet under construction at the end of Q3, the City’s industrial market remains the leader in net absorption, a measurement of the change in occupied space.