The development provides an economic benefit due to ground lease payments in lieu of real estate taxes, resulting in operating expense savings of up to 25% relative to other competitive buildings in the market. In addition to real estate tax savings, the logistics center is in Foreign Trade Zone #39 and has the benefit of a Triple Freeport Exemption, which provides substantial inventory and business personal property tax savings.

Cannon Green and Blake Kendrick, co-managing directors and partners of Stream's Dallas industrial team, will oversee the leasing and management of the project.

“ILC is uniquely situated between the DFW Airport and Great Southwest industrial submarkets, which are two of the most dynamic and robust markets within Dallas/Fort Worth,” said Kendrick. “We are excited to be able to assist Cabot on this development in an effort to grow their portfolio across North Texas.”

The proportion of Dallas industrial stock larger than 400,000 square feet significantly exceeds the US average, according to Prologis. The Dallas/Fort Worth industrial market continues to show strong signs of growth, ranking as the fifth largest in the United States, with approximately 766 million square feet of building space.

The market also benefits from a central location and outstanding transportation infrastructure, a growing population base, a pro-business mindset and access to a plentiful labor pool. DFW is supported by a diversified economy, which has sustained strong job growth during the past four years. Fort Worth and Dallas rank fourth and eighth respectively in terms of the cities with the best job growth in the country. For the past 10 years, unemployment in Dallas has lagged national norms by one percentage point, GlobeSt.com learns.

Centrally located within the US—and at the junction of three major interstate highways, Interstate 20, Interstate 35 and Interstate 30—Dallas benefits from extensive road and rail transportation infrastructure facilitating access to the rest of Texas, the Southwest, the Midwest and Latin America.

The Dallas metro has the fourth-largest population in the United States. The region's sprawling population of 7.1 million represents a vast consumer market.

The Dallas-Fort Worth area serves as headquarters to 21 Fortune 500 companies. The city is a center of sports, tourism and business. Dallas also has an concentration of retail activity, which revolves around several massive malls, outlets and shopping districts.

DALLAS—The International Logistics Center is underway on 40 acres located on the south side of Dallas/Fort Worth International Airport. GlobeSt.com learns the project is literally on the airport property. DFW is the ninth-largest handler of air cargo in the United States.

The developers are Boston-based Cabot Properties Inc., a private equity real estate investment firm, and Stream Realty Partners, a national real estate development, services and investment firm.

International Logistics Center is a 646,796-square-foot three-building speculative industrial development. The 118,634-square-foot rear-loading building A, the 203,476-square-foot front-load building B and the 324,686-square-foot cross-dock building C can accommodate a variety of tenants' requirements. The site also features dual access points to State Highway 360 and State Highway 183, both of which connect the project to major north-south and east-west thoroughfares, and is in equal proximity to the central business districts of Dallas and Fort Worth.

“ILC is an exceptional industrial asset not only in one of the most in-demand markets in the country, but in one of the most sought after locations within the DFW metroplex,” said Damian Bailey, senior vice president of investments, Cabot Properties.

The development provides an economic benefit due to ground lease payments in lieu of real estate taxes, resulting in operating expense savings of up to 25% relative to other competitive buildings in the market. In addition to real estate tax savings, the logistics center is in Foreign Trade Zone #39 and has the benefit of a Triple Freeport Exemption, which provides substantial inventory and business personal property tax savings.

Cannon Green and Blake Kendrick, co-managing directors and partners of Stream's Dallas industrial team, will oversee the leasing and management of the project.

“ILC is uniquely situated between the DFW Airport and Great Southwest industrial submarkets, which are two of the most dynamic and robust markets within Dallas/Fort Worth,” said Kendrick. “We are excited to be able to assist Cabot on this development in an effort to grow their portfolio across North Texas.”

The proportion of Dallas industrial stock larger than 400,000 square feet significantly exceeds the US average, according to Prologis. The Dallas/Fort Worth industrial market continues to show strong signs of growth, ranking as the fifth largest in the United States, with approximately 766 million square feet of building space.

The market also benefits from a central location and outstanding transportation infrastructure, a growing population base, a pro-business mindset and access to a plentiful labor pool. DFW is supported by a diversified economy, which has sustained strong job growth during the past four years. Fort Worth and Dallas rank fourth and eighth respectively in terms of the cities with the best job growth in the country. For the past 10 years, unemployment in Dallas has lagged national norms by one percentage point, GlobeSt.com learns.

Centrally located within the US—and at the junction of three major interstate highways, Interstate 20, Interstate 35 and Interstate 30—Dallas benefits from extensive road and rail transportation infrastructure facilitating access to the rest of Texas, the Southwest, the Midwest and Latin America.

The Dallas metro has the fourth-largest population in the United States. The region's sprawling population of 7.1 million represents a vast consumer market.

The Dallas-Fort Worth area serves as headquarters to 21 Fortune 500 companies. The city is a center of sports, tourism and business. Dallas also has an concentration of retail activity, which revolves around several massive malls, outlets and shopping districts.