DeSoto 'specs' 1.6M-SF distribution hubDeSoto 'specs' 1.6M-SF distribution hubhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=25442014-11-07T13:40:00Z2014-11-07T07:45:00Z

DeSOTO - A 96-acre tract is now owned by an affiliate of New York City-based KTR Capital Partners. The company plans to develop a 1.6 million-sf speculative distribution hub.

Located in the heart of the South Dallas submarket, the parcel is equidistant from I-20 and I-35 and within a mile of the intersection of these two interstates.

The new distribution hub will be configured to handle bulk movement with 200-foot truck bays and an abundance of excess trailer storage.

The land deal was an excellent opportunity to capture the build-to-suit business eyeing South Dallas for its distribution proximity, said Mace McClatchy, KTR's vice president of investments.

“We are excited to work with the City of DeSoto and the DeSoto Economic Development Corporation in preparing the site and local infrastructure to attract a sophisticated, logistics-focused customer interested in building a new facility developed in a timely fashion,” said Mace McClatchy, Vice President of Investments for KTR.

KTR’s development and construction teams began site work in October 2014, consisting of improvements to Polk St., which borders the length of the site on the west, and an interim grading plan which allows increased speed to market for a build-to-suit facility.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://focusdailynews.com/ktr-acquires-acre-industrial-property-p13959-1.htmRead more at {Source}

 Search NewsTalk Texas