DENVER—With an eye toward capitalizing on shifting demographic and logistics trends, locally based Amstar has launched a program of speculative industrial development. The first three markets are Dallas/Fort Worth, Houston and Atlanta, with Amstar and its development partners building more than 1.2 million square feet across the three cities.

“These investments fit within Amstar's industrial development strategy, which is focused on providing superior risk-adjusted returns by partnering with high-quality local development firms to acquire exceptional construction-ready sites in strong US industrial markets and adding value through the development and leasing of institutional quality class A industrial product,” says VP Tricia Noble. She adds that the company is pursuing additional industrial development opportunities in both the Southeast and Pacific Northwest totaling an additional 670,000 square feet.

In June, Amstar and development partners Huntington Industrial Partners and Seefried Industrial Properties broke ground on Riverpark 1000, a 145,579-square-foot light industrial facility in the Great Southwest submarket of Dallas. Located off West Trinity Boulevard and less than 10 miles from DFW International Airport, the property will feature a rear-loading configuration, 32' clear height, and abundant trailer parking. CBRE is handling leasing assignments for the property, which is scheduled for completion in the fourth quarter.