IRVING - Houston-based developer Hines has purchased the 52-acre Parc 114 business park in partnership with AEW Capital Management.
Parc 114 includes six industrial buildings and more than 18 acres of development land at the north end of Dallas-Fort Worth International airport on Belt Line Rd.
“The tenant base in the project is unmatched and provides a foundation to expand the project with two additional buildings,” said Blake Kendrick, managing director for Stream Realty.
The two new buildings with 191,262 sf are scheduled to open in mid-2015.
The current buildings are fully leased to Chrysler Group LLC, Nautilus Hyosung America, Nissan and Walgreens.
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