Industrial projects have been the bread-and-butter for the metroplex throughout the sluggish first six months of this year will continue to do so as the economy slowly makes its way back up the ladder. CentrePort's success, says Guthrey, is mortared in its airport proximity and high-finish industrial product.

But, confides Guthrey, more CentrePort news is just around the corner. In 45 days, a joint venture partner will be announced for a 15-acre retail development that is planned at the intersection of Trinity Boulevard and Interstate 360. A fall groundbreaking is anticipated for 70,000 sf of retail, with an office supply junior anchor and four or five restaurant pads. The high-traffic area currently has just 30,000 sf of primarily inline retail.

Meanwhile, final papers are close to being signed for a four-story, 130-room Residence Inn that will be positioned on four acres. A groundbreaking tentatively is being eyed for November or December.

CentrePort has really taken off in the past three years, including the kickoff for its 350-acre, high-tech anchor, the Campus at CentrePort. "It's been active and we expect it will continue that way," Guthrey says. GM Asset Management via its advisory fund manager, AEW Capital Management, owns the 20-year-old development, which today houses about 70 businesses with more than 30,000 employees, 2,000 apartments and 295-room Marriott Hotel.