Grand Prairie's grand 603,000 SF kicks off warehousesGrand Prairie's grand 603,000 SF kicks off warehouseshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=44052014-04-15T12:11:00Z2014-04-15T08:00:00Z

GRAND PRAIRIE - Construction has started on the 603,000-sf RiverPoint Commerce Center. The two-building project is being developed on 42 acres in the 3000 block of Roy Orr Blvd.

J.P. Morgan Asset Management and Stream Realty Partners are developing the speculative project, which is scheduled for completion in late 2014.

“We are targeting tenants in the 75,000 to 200,000-sf range, which is in high demand and currently underserved by most development projects in the submarket,” said Cannon Green, managing director and partner of Stream Realty’s Dallas office.

More than 16.5 million sf of warehouse space is now under construction in the Dallas-Fort Worth area — more than was in the development pipeline at the peak of the market before the recession. About 12 million sf of current industrial construction is speculative.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://bizbeatblog.dallasnews.com/2014/04/warehouse-project-kicks-off-in-grand-prairie.html/Read more at {Source}

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