GARLAND, TX—Logistics Pointe Garland was originally built as a large-scale grocery distribution center. The Kraft Heinz Company recently signed as the largest tenant at the industrial development located at 2600 McCree Rd. Kraft Heinz leased 260,959 square feet, including 90,000 square feet of cold storage, according to Westmount Realty Capital. The company will use the space for fulfillment and logistics.
“This year, we have made significant improvements to the property, including increasing the building's cold storage capabilities, which has made it a fierce competitor in the DFW revitalized industrial market, which we describe as 'urban logistics,'” said Clifford Booth, president and CEO of Westmount. “Conversion of urban logistics facilities to meet current cold storage requirements is complex; however Westmount has successful experience in these projects just as the area's population growth is driving increased demand for this type of specialized storage.”
The complex includes three buildings totaling 1.1 million square feet of space. The property currently has 298,119 square feet of freezer/cooler space, 608,435 square feet of dry warehouse space and 192,139 square feet of free-standing warehouse. The property also has substantial trailer storage, rail service by DGNP and employee parking.
“Kraft Heinz's move into Logistics Pointe Garland reinforces the high demand for cold storage facilities in North Texas,” Booth tells GlobeSt.com.
CBRE represented both tenant and owner in the transaction. Westmount was represented by Kevin Kelly at CBRE. The Kraft Heinz Company was represented by David Sours at CBRE.
The Kraft Heinz Company is the fifth-largest food and beverage company in the world, with eight $1 billion brands.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
