Three new industrial buildings are under construction near the Dallas-Fort Worth Airport. The new buildings comprise Phase 2 of the DFW Commerce Center Buildings.
Dallas-based real estate development firm CLX Ventures, established in January 2019, is overseeing the construction.
Brad Copeland and Tony Long, the owners of CLX Ventures, are also responsible for the developments of the I-20 Commerce Center, Interstate Commerce Center, and DFW Commerce Center Phase 1, which was sold to Amazon in December 2020.
Additionally, they are constructing another Interstate Commerce Center in Duncanville. The 354,000 square foot space is expected to sell in February.
Commercial real estate company Cushman & Wakefield, which has been in business since 1974, will handle the leasing of the 2 million square foot Phase 2 space. The firm believes the location will be attractive to tenants due to its location.
Nathan Orbin, a representative of Cushman & Wakefield, said, “We are extremely excited to kick off Phase II at DFW Commerce Center. The park is located in the middle of the Metroplex and offers access to DFW Airport, multiple freeways and a solid labor base.”
Kurt Griffin, who also works for Cushman & Wakefield, added, “The DFW Metroplex leads the country in the supply of and demand for new industrial distribution space. Based on our initial interest and elevated level of activity, we anticipate these projects will be well received by the market.”
The three new buildings are slated to open later this year. They will be an addition to the 50 million square feet of warehouse space currently under construction in North Texas.
As previously reported by The Dallas Express, the real estate market in DFW continues to thrive. Mixed-use developments, industrial construction and redevelopments, new home construction, and new apartment complexes are all in the works for the coming months, even as real estate prices continue to increase.