DALLAS--KTR Capital Partners (KTR) has announced that an affiliate closed on the acquisition of 96 acres of industrial land located in DeSoto, just south of Dallas.

The site can accommodate up to 1.6 million square feet of development in a single building or multiple configurations, offering flexibility. Once completed, the development will feature modern amenities including 36-foot clearance height, cross-dock configuration, truck staging lanes, 200-foot truck courts and an abundance of excess trailer storage.

“The location of this piece of land near the I-20/I-35 intersection was immediately attractive to us,” Mace McClatchy, vice president of investments at KTR, told GlobeSt.com. “The site boasts great ingress and egress to the freeway system and is surrounded by a deep labor pool and amenity base that is very important to users in the market. Additionally, the size and configuration make it an extremely flexible piece of land that can accommodate various building sizes, circulation routes and excessive trailer parking needs we see as emerging trends in more and more build-to-suit requirements.  The pro-business attitude at the city of DeSoto also makes this a very appealing location for today's sophisticated user. “

KTR's development and construction teams began make-ready site work in October, improving access to Polk Street, which borders the length of the site on the west. Upon completion of this development, the company's current footprint in Texas will be over 5.5 million square feet. In addition to this project, KTR's development and construction teams currently have nearly 7 million square feet of projects under way across the country, consisting of both speculative and build-to-suit development, with an additional 4 million square feet of development capacity on entitled land holdings.