Dallas-Based Development Venture Launches $100 Mil Building Plan, Groundbreaking Is Set for November

DALLAS-A Dallas-based development venture breaks ground in November on a $13 million spec office project, the first of a $100 million development plan for the Dallas-Ft. Worth region.

Bradford Cos. and L&B Realty Advisors Inc. plan to deliver the four-building, 240,800-sf project – Westport Business Center – in June 2001 on a 15-acre parcel in Grapevine. No tenants have been signed, but interest is strong, says Al Blaine, Bradford’s executive vice president of development services.

The project targets users in the 10,000-sf to 40,000-sf range. “This product type has been virtually ignored since the mid-1980s due to the majority of national investors preferring bulk product,” Blaine told GlobeSt.com.