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Starting Gun Fires for 445-Acre Stake in Hub

WILMER, TX-The Allen Group will pump $6 million into infrastructure, entitlements and annexation as part of the dowry to sell a stake in its 6,027-acre Dallas Logistics Hub.

By Connie Gore | Updated on November 19, 2007

(Read more on the industrial market.)

WILMER, TX-The Allen Group is ready to draw down 445 acres from its 6,027-acre Dallas Logistics Hub. The market’s been buzzing for weeks about the upcoming sales campaign, which kicks off today for four tracts situated within a half mile of the main entrance to Union Pacific Railway’s intermodal yard in southern Dallas County.

Daniel J. McAuliffe, president of Allen Development Texas LLC, tells GlobeSt.com that the San Diego-based developer plans to invest about $6 million into additional infrastructure as part of the offering agreement for tracts of 36.35, 95.57, 156.33 and 156.68 acres with a combined 6,910 feet of frontage along Pleasant Run Road. The sales dowry includes bringing utility lines to the tracts’ edges plus securing entitlements and annexation of roughly 300 acres so the entire site is part of the City of Wilmer. Under the master plan, the dirt could hold up to 7.5 million sf of light-industrial space.

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