DALLAS – Denver-based DCT Industrial Trust has acquired two parcels of infill land in North Texas with plans to start development by the end of the year.
The company purchased 17.5 acres in Garland from Richardson-based Fossil Group Inc. after the retailer said it wouldn't sell the land for the past 15 years. DCT plans to develop a 270,000-sf facility on the land at the southwest corner of Miller Rd. and Sanden Dr.
DCT also acquired 9.9 acres along SH 121 near DFW International Airport in Grapevine from a family trust. The firm plans to build a 112,000-sf industrial facility.
Pross Design Group is the project architect on both buildings. Chicago-based FCL Builders is helping DCT with its initial contracting budgets.
Paladin Partners will market the Garland property, and NAI Robert Lynn will market the Grapevine property.
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