Search
 

Mini-Storage Owner Plots Inroad Into Single-Tenant Industrial Market

FT. WORTH-A mini-storage is tackling three building projects on nearly 20 acres, bought recently in the Riverbend West Industrial Park. Sutherland Investments is undertaking the projects as its inroad into the single-tenant industrial market.

By Connie Gore | Updated on October 30, 2000

FT. WORTH-Sutherland Investments, a mini-storage owner in Dallas, is making a move into the single-tenant industrial market, starting with three projects at Ft. Worth’s Riverbend West Industrial Park.

Tenants have been signed for two projects along Jack Newell Boulevard, with the third undertaking consisting of dual 60,000-sf spec buildings, Trey Fricke, vice president of industrial and office leasing for Henry S. Miller Commercial, tells GlobeSt.com. Sysco Food Services of Dallas has signed a 10-year lease for a 5,500-sf sales office and trucking terminal, situated on 2.2 acres, that will break ground Nov. 1. An abutting project on 8.1 acres is under way for a 30,000-sf build-to-suit for United Rentals Inc., which also has taken a 10-year lease. United Rentals plans to house its Highway Technologies Division in the building, slated for occupancy Jan. 1. The Sysco Food sales office will be ready for occupancy by May 1.

Fricke, who represents Sutherland Investments, says the two spec buildings, estimated to cost $4.5 million, will break ground in early 2001 and will be ready to occupy in July or August. That project, situated on 9.5 acres, is located across the street from Sutherland’s other developments. The spec projects are 24-foot high concrete tiltwall constructed with multiple docks.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.