Majestic industrial space to Hutchins, LewisvilleMajestic industrial space to Hutchins, Lewisvillehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18312015-02-02T12:51:00Z2015-02-02T00:00:00Z

HUTCHINS, LEWISVILLE - Developer Majestic Realty Co. is starting three new warehouse projects — one in southern Dallas County and two near Dallas-Fort Worth International Airport.

Majestic is building the PointSouth Logistics & Commerce Centre near the southeast corner of I-20 and I-45 in Hutchins. The office, warehouse and distribution building will have 249,500 sf.

It is the first phase of a 1.7 million-sf project located near FedEx Ground’s shipping hub and the Union Pacific Intermodal Terminal.

Majestic has also started two speculative buildings in Lewisville in its Majestic Airport Center DFW project, located at SH 121 and Valley Pkwy.

The industrial projects at Spinks Rd. and Ace Lane will have 250,000-sf and 330,000-sf buildings. They are the third phase of the 2.4 million-sf business park.

Commercial real estate is seeing increased leasing activity from mid-size and smaller industrial tenants, according to Majestic’s Al Sorrels.

“We all like to make the big deals obviously, however in the last 12 months a majority of absorption has been due to transactions in the 50,000–200,000-sf range,” Sorrels said.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2015/01/majestic-realty-starting-three-dallas-area-industrial-projects.html/Read more at {Source}

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