113,640-SF First Phase Edging Out of Ground

GRAPEVINE, TX-AMB Property Corp. and Seefried Properties Inc. are closing in on vertical work for the first of three freight-forwarding buildings on 25 acres of ground-leased airport land. At build-out, the development will have more than 300,000 sf of new space targeting the airline industry’s steadily growing international cargo routes.

“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.