Key Takeaways
- • Hunt Realty Investments formed a build-to-suit joint venture with Prologis at Terrell 20 Business Park in Terrell, Texas, about 30 miles east of Dallas.
- • The fully entitled 780-acre logistics campus can support up to 11.5 million square feet of total development, including buildings up to 1.9 million square feet.
- • The park sits in a Dallas-Fort Worth logistics corridor that has attracted recent activity from Amazon, Walmart and AutoZone, according to the publisher's report.
- • Access to Interstate 20 and Union Pacific's Dallas Intermodal Terminal lets occupiers reach 99% of the continental U.S. population within three days or less.
Summary
Hunt Realty Investments has formed a build-to-suit joint venture with Prologis for Terrell 20 Business Park, the industrial park Hunt Realty owns in Terrell, Texas, roughly 30 miles east of Dallas, according to REJournals. The partnership pairs Hunt Realty's local development position with Prologis, which the report describes as bringing its global platform and logistics real estate development expertise to the project. Prologis is also described as a long-term member of the North Texas business community.
The site is a fully entitled logistics campus spanning 780 acres. It can support up to 11.5 million square feet of total development, with individual buildings of up to 1.9 million square feet. The report positions the park for companies seeking large-scale logistics operations in the Dallas-Fort Worth market or an expanded footprint in North Texas.
The park lies within a growing logistics and distribution corridor where Amazon, Walmart and AutoZone have recently been active, per the report. Its transportation access includes Interstate 20 and Union Pacific's Dallas Intermodal Terminal, with reach to 99% of the continental U.S. population in three days or less.
The partners expect the joint venture to raise the area's profile among site selectors, brokers, industry leaders and other businesses, which the report says could expand economic development opportunities in the area.
The site is a fully entitled logistics campus spanning 780 acres. It can support up to 11.5 million square feet of total development, with individual buildings of up to 1.9 million square feet. The report positions the park for companies seeking large-scale logistics operations in the Dallas-Fort Worth market or an expanded footprint in North Texas.
The park lies within a growing logistics and distribution corridor where Amazon, Walmart and AutoZone have recently been active, per the report. Its transportation access includes Interstate 20 and Union Pacific's Dallas Intermodal Terminal, with reach to 99% of the continental U.S. population in three days or less.
The partners expect the joint venture to raise the area's profile among site selectors, brokers, industry leaders and other businesses, which the report says could expand economic development opportunities in the area.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.