(Read more on the industrial market.)
WILMER, TX-Jones Development Co., marking its fourth project in the state, is ready to roll out its largest, a 520,000-sf spec industrial building. The undertaking is the opening act for the 327-acre Sunridge Business Park, which has a front-row seat to Union Pacific Railway's intermodal yard in Dallas County's southern sector.
The Kansas City, MO-based Jones Development, with backing from the Industrial Works Investment Fund, has been looking to break into the market for some time, says Roger Pavlovich, vice president and project executive for Dallas-based Cadence McShane Corp. He tells GlobeSt.com that that 30.5-acre inroad is the first spec, but certainly won't be the last for the developer's Dallas break-through. Sunridge, being developed by Cornell-Rader of Fort Worth, is mapped out for eight industrial buildings with nearly 4.4 million sf.
The I-45 Tradeport I's shell construction alone will cost $11.4 million. Cushman & Wakefield of Texas Inc. is preleasing the space, featuring 107 truck doors, two drive-in doors and 32-foot clear heights. Gromatzky Dupree & Associates is the architect; Cadence McShane, the general contractor.
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