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1M-SF-Plus Plans Afoot for Park's Last 93 Acres

DALLAS-With users in tow, Perot Development, TCC and an under-the-radar Twin Rose win development rights to the last land in DFW airport's International Commerce Park.

By Connie Gore | Updated on February 01, 2008

DALLAS-Ground lease negotiations are under way for the last 93 acres in the 400-acre International Commerce Park. The milestone was marked in six years, beating the original build-out projection by 24 years.

John Terrell, vice president of commercial development for Dallas/Fort Worth International Airport, tells GlobeSt.com that developers had to have a user in tow in order to qualify for the last four tracts. Because more than 18 developers had shown interest in the acreage, the DFW Airport Authority, for the first time, issued a request for proposals for the commercial land, which is along Regent Boulevard and just north of Texas 114 and Esters Boulevard.

“Because the interest and demand in that park was so high, we ended up on those last two sites by going to RFPs and the other two we worked with developers who had users in tow,” Terrell explains. “We have a very good relationship with our developers. We didn’t want to pick someone arbitrarily and show favoritism.” The decision also meant the authority could achieve a better lease deal, he says.

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