Industrial Goes Bold to Capture Latest E-Commerce Demand
Located centrally in the northeast Dallas industrial market, Skyline Commerce Center building 1 offers more than 135,000 square feet and building 2 has more than 62,000 square feet.
DALLAS—With industrial saving the day in many respects during the current downturn, additional facilities are springing up to capture the added demand. As an example, one project recently broke ground near downtown.
Skyline Commerce Center is taking a lesser-used parcel and converting it into a class-A mixed-use development, according to Conor Commercial Real Estate and Stream Realty Partners. The two buildings of the 198,000-square-foot facility will provide built-to-suit office space and divisible industrial space.
“We are excited to transform another underutilized land parcel into a high-functioning industrial property,” says John Dobrott, president–industrial of Conor Commercial Real Estate. “Skyline Commerce Center’s excellent transportation access coupled with its proximity to a deep consumer base and labor force make it optimal for a variety of users including last mile and e-commerce providers.”
Despite the economic turmoil at present, Conor Commercial is confident in the facility’s completion deadline later this year.
“We are still looking at a Q4 2020 completion,” Dobrott tells GlobeSt.com. “This project stands out due to its location of only 7 miles from downtown Dallas, and immediate access and frontage along Interstate 30, allowing for a high level of exposure and direct access to major thoroughfares Highway 80 and Interstate 635.”
Located centrally in the northeast Dallas industrial market, Skyline Commerce Center building 1 offers more than 135,000 square feet and building 2 has more than 62,000 square feet.
“Skyline Commerce Center will serve as a vital addition to the Dallas industrial market, providing class-A space with high visibility to tenants 15,000 square feet and greater,” said Matt Dornak, managing director of Stream’s Dallas industrial division.
Dornak, along with Drew Feagin and Adam Jones of Stream’s Dallas industrial team, will oversee the leasing of both buildings.
Nearly 6.2 million square feet of Dallas-Fort Worth industrial space was absorbed during the first 90 days of 2020, according to a recent report by CBRE. The market-wide vacancy rate decreased by nine basis points from the previous quarter to 5.7%.
Product under construction totaled 23.9 million square feet and was 19.3% pre-committed. Quarter deliveries totaled 5.5 million square feet and were 39.4% pre-committed, says CBRE.