LANCASTER - Van Trust Real Estate struck a deal with Ridge Development, the industrial development arm of Transwestern Development Co., and Prudential Financial to acquire 164 acres at the Ridge Logistics Center in South Dallas.
The site — located at the northeast corner of Dallas Ave. and Telephone Rd. — is approved for the construction of approximately 2.5 million sf of industrial space.
Van Trust Real Estate intends to begin construction shortly on two big-box speculative bulk industrial facilities to total more than 1 million sf.
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