CBRE industrial specialists David Murphy, William Tew and Kevin Hoover have the leasing and selling assignment. The park is zoned for 20 million sf of commercial/industrial.
Land at the park is selling for an average $2 per sf or about $87,120 per acre. The largest landowner in the park is Lockheed Martin Corp. with 200 undeveloped acres purchased in 1987.
Expected to close by year end is a contracted 37-acre deal for a 200,000-sf distribution center planned by Dallas distributor Sierra Stone Inc. The estimated contract price is $3.22 million or about $2 per sf.
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