Holt Unveils 650,000-SF, $30M Industrial Project

COPPELL, TX-Operating with a $30-million build-out plan, Holt Lundsford Commercial will break ground in first quarter 2005 on the first phase to a 650,000-sf industrial project, hoping to hit a bull’s eye with the small-user market.

The first to rise for the 40-acre Coppell Trade Center will be a 200,000-sf spec office/warehouse with front park, rear load, 24-foot clear heights and shallow bays. Al Sorrels, principal with the Dallas-based Holt Lundsford Commercial, tells GlobeSt.com that he expects the product will attract more of the 25,000-sf crowd than any other size user although there will ample room for larger ones.

“There’s a lot of bulk coming out of the ground in that area…so there’s a lot of demand for this niche,” Sorrels says. He estimates there is 300,000 sf under construction, some of which is similar product, in the Coppell submarket. “But, we feel there is enough demand for this type of product that it makes sense,” he says of the spec play. “It has been and will continue to be a great submarket.”