"We're seeing huge growth at DFW International Airport with the freight business," says Rick Medinis, executive vice president for Dallas-based NAI Robert Lynn, who's marketing the AMB DFW Logistics Center for $5.75 per sf triple net with a $7 per sf tenant-improvement allowance. And as Medinis points out, the air freight trade is coming through on the west side of the airport and past the JV partners' site at 1060 N. Airfield Dr.
Neal L. Harper, president of Dallas-based Cadence McShane Corp., tells GlobeSt.com that the 113,640-sf building's slab will be poured this week and vertical construction coming in about six weeks on an 8.1-acre tract at the hard corner of Minters Chapel Road and North Airfield Drive. Delivery is planned for November. "It's got a pretty quick schedule," he says.
Based on local construction data, shell space construction for comparable space would range from $30 per sf to $35 per sf. The front-park, rear-load building will have 39 dock doors, with interiors divisible for takedowns as small as 15,000 sf and 24-foot clear heights.
The Atlanta-based Seefried is developing the project; San Francisco's AMB is the owner, which also has 608,773 sf of on-tarmac space at the airport. Alliance Architects Inc. designed the logistics center. Teaming with Medinis to lease it is Tyson Erwin, an associate with NAI Robert Lynn.
"The timing of the other buildings really will be dictated by demand," Medinis stresses. "And, demand is high right now." He's not making any best-guesses as to when the first deal will land, but interest has been steady from tenant prospects in a competitive arena that has nearly every large industrial developer, regional or national, either under way or planning to raise spec space on the airport's revenue-generating commodity--ground-leased development tracts.
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