White Rock Jump-Starts Work On $50M Project

LANCASTER, TX-With 83 acres to plow, White Rock Commercial LLC has started site work for the 1.37-million-sf SouthPointe Corporate Center in southern Dallas County. The first of four buildings planned for the $50-million development will be a 444,465-sf office/warehouse.

Bob Hagewood, vice president of Dallas-based Stream Realty Partners LP, tells GlobeSt.com that SouthPointe Corporate Center I’s vertical work will begin in December. “We have seen some opportunities,” he adds, “and one that’s considered a strong prospect.” Delivery is etched for March 2009.

Hagewood says the site’s frontage along Interstate 20 and its visibility as well from Interstate 35 give extra marketing clout to the Dallas-based developer’s leasing team, which is quoting $3.25 per sf net for the spec space. As for the design, he says it can be divvied to 100,000-sf spaces. “And, that’s where we’re seeing the bulk of activity for southern Dallas County, right now,” says Hagewood, who’s partnering with Stream principal Chris Jackson for the tenant hunt.