A business residence company that recently relocated its headquarters from California to Dallas has bought a big growth site in southern Dallas County for its very first community task.
Xebec Realty obtained a 255-acre industrial assets on Fulghum Road in close proximity to Interstate 45 in Wilmer. The organization has currently broken floor on two buildings on the website in a task it calls Logistix Hub, South Dallas. People initially two properties in the new business park will have far more than 2 million square toes of place and are established to open up in early 2022.
“This groundbreaking at Logistix Hub, South Dallas marks our initially development in the speedily rising South Dallas industrial marketplace,” Randy Kendrick, president and CEO of Xebec, said in a statement. “The impact of the COVID-19 pandemic on retail distribution has additional catalyzed an now potent development story for industrial actual estate as e-commerce occupiers continue to develop their current footprint.
“The Logistix Hub, South Dallas task delivers the perfect remedy to meet this expanding need.”
The entire business park is planned to have additional than 4.5 million square feet of development.
Southern Dallas County is one particular of North Texas’ top rated warehouse and distribution markets.
At the conclusion of 2020, practically 7 million square toes of industrial structures have been underneath building in the space along Interstates 20 and 45.
Xebec is a privately held serious estate financial investment and enhancement company that moved its head office from Southern California to downtown Dallas in mid-2018. The organization has attributes stretching from California to the Midwest and Southeast U.S.