Search
 

Miramar Development Acquires About 22 Acres for Four-Building, Office-Warehouse Spec Project

ARLINGTON, TX-Miramar Development has a proven track record north of Dallas; now, the Dallas-based developer is headed to Arlington. Miramar has just closed on about 22 acres, eyeing a February groundbreaking for the first two spec buildings.

By Connie Gore | Updated on January 09, 2001

ARLINGTON, TX-A Dallas-based developer, looking to enter a new submarket, has snatched up the last large tract suitable for industrial-tech build-out as he plots a new business park for 21.8 acres near the intersection of Interstates 20 and 360 in south Arlington.

Miramar Development, headed by John Bunten, will build the Arlington Distribution Center in two phases, the first of which will be a two-building, 250,000-sf spec project. Miramar plans to break ground in February, GlobeSt.com has been told. The second phase’s size has not been determined, says Randy Wood of Miramar Development.

The office-warehouse project is Miramar’s first venture outside its successful warehouse developments in the northeast quadrant of Dallas, says Gary Lindsey, senior vice president of Grubb & Ellis Co.’s Industrial Group. Lindsey, along with Robert O. Fulford II, Industrial Group vice president, had represented the buyer and the seller in the transaction. The deal marks the closeout of industrial holdings in the Dallas-Ft. Worth area for Lusardi Construction Co. of San Diego, CA, Lindsey told GlobeSt.com. Rancho Coachella Properties, a Lusardi subsidiary, is the seller of the tract on the north side of Interstate 20.

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.