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Logistics Property Co. Is On Track to Deliver a 1 Million Square Foot, Expandable, Cross-docked Speculative Logistics Development

Logistics Property Co. Is On Track to Deliver a 1 Million Square Foot, Expandable, Cross-docked Speculative Logistics Development

Southport Logistics Park, Building 3, Wilmer, Tx. is due for completion in Q2 2021

DALLAS–(BUSINESS WIRE)–#commercial–Logistics Property Company, LLC (LPC) is on schedule to deliver Southport Logistics Park, Building 3 (Southport 3) in the City of Wilmer, Dallas County, Tx., in Q2 2021. Southport 3 comprises one speculative state-of-the-art Class A distribution facility totaling more than 1 million square feet—expandable to 1.2 million square feet.

Logistics Property Co. Is On Track to Deliver a 1 Million Square Foot, Expandable, Cross-docked Speculative Logistics Development

At full build-out, Southport Logistics Park will house over 3.55 million square feet of Class A industrial space. It is strategically located within a 252-acre master-planned logistics destination in the South Dallas submarket of Dallas Fort Worth (DFW). Well-known corporate neighbors in the industrial park include an operating subsidiary of a Fortune 100 e-commerce retailer, and an iconic American consumer packaged goods (CPG) manufacturer.

“2020 has continued to attract new tenants to the South Dallas submarket, as the overall DFW population increased due to corporate business relocations,” said Kent Newsom, LPC’s Executive Vice President – South Region. “Southport 3 is strategically positioned to take advantage of the increase in e-commerce demand combined with the lack of 1 million square foot competition in the market.”

Located immediately east of Interstate 45 and the Union Pacific Intermodal, five miles south of Interstate 20 and 3 miles south of the second busiest FedEx Ground hub in the U.S., Southport offers tenants a premier logistics location within DFW.

“This site allows for a single building of 1 to 1.2 million square feet,” said Kacy Jones, Senior Vice President, CBRE Dallas-Fort Worth. “It also boasts 40’ clear height, room for more than 300 trailer parking spaces, and over 650 car parking spaces.”

The land available for potential expansion doubles as additional car and/or trailer parking for large e-commerce users. Moreover, the attractive financial incentives of the Tax Increment Reinvestment Zone (TIRZ) combined with LPC’s solid build-to-suit track record position this opportunity as one that will not last.

The South Dallas industrial sub-market has strong population demographics and significant in-place infrastructure—two essential attributes for every LPC modern industrial real estate development.

LPC’s robust construction and leasing activities have continued in the face of the global pandemic. This is largely due to the diligence, expertise, and value-adding strategies employed by LPC’s on-site and off-site personnel; its seasoned leadership team, which boasts an average of more than 25 years’ experience; and its deep-rooted national and regional relationships like those it enjoys in Dallas, Tx.

At LPC, health, safety and environmental (HSE) compliance and risk mitigation are fundamental components of every activity. As part of the company’s commitment to protect employee health, safety and the environment, LPC requires that all work—performed by its employees and its partners—comply with all applicable Federal, State, County, City, office, worksite, and corporate protocols.

About Logistics Property Co.

Logistics Property Company, LLC (LPC) is a logistics real estate platform focused on the acquisition, development and management of state-of-the-art logistics properties in key North American markets. The management team of LPC partnered with MIRA Real Estate – part of Macquarie Infrastructure and Real Assets (MIRA) – on the formation of the platform. LPC currently manages properties in key logistics markets including Atlanta, Chicago, Dallas, Houston, Kenosha, Mount Pocono and Seattle-Tacoma with an estimated end-value of over $1.5 billion. Headquartered in Chicago, LPC has offices in Atlanta, Dallas, Houston, Indianapolis, Los Angeles and Seattle. For further information, please visit logisticspropco.com and follow @logisticspropco.

Logistics Property Co. Is On Track to Deliver a 1 Million Square Foot, Expandable, Cross-docked Speculative Logistics Development

Contacts

Jude Fitzgerald

Chief Marketing Officer, Logistics Property Co.

+1 708 667 6972

jfitzgerald@logisticspropco.com

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