CA Industrial announced the groundbreaking of its 2700 Avenue K logistics and last-mile delivery facility in Grand Prairie, Texas. The development is the product of a joint venture partnership between CA Industrial and DWS Group and is anticipated to deliver in the second half of 2022.
Located eight miles from the DFW International Airport, the logistics center is situated within the Upper Great Southwest submarket – one of the strongest submarkets in the area in terms of occupancy and rent growth. The site’s proximity to major transportation routes I-30 and highways 183, 360 and 161 enables visitors to reach any destination in the metro within a 60-minute drive time. The modern, more than 200,000 square foot multi-tenant Class-A+ facility will feature 36-foot clear heights, 185-foot truck court, 124 parking spaces, 39 trailer stalls and 31 dock doors. All leasing efforts will be managed by Luke Davis of Stream Realty Partners.
Over the last year, CA’s industrial and logistics platform has closed transactions totaling approximately $1 billion of project costs and has more than 9.7 million square feet of industrial space across currently under development in key US markets including in Phoenix, Dallas, Orlando, Atlanta, Savannah, Columbus, Richmond, Union City, Watsonville, Indianapolis and Las Vegas.