Duke Realty Develops Fully-Leased Dallas Logistics Facility
The 431,630-square-foot distribution facility is long-term leased to the global tire manufacturer, Yokohama Tire Corp.
DALLAS, TX – Duke Realty Corp.’s Dallas office has developed a state-of-the-art, full-service distribution facility for the global tire manufacturer, Yokohama Tire Corp., at Intermodel III Industrial Park in Wilmer, TX.
The long-term lease agreement spans the 431,630-square-foot logistics facility, and expands the tire manufacturer’s the US distribution network with a fourth location.
Located at 600 Sunridge Blvd., the 22-acre site features 7,000 square feet of office and breakroom space, 85 dock doors, 281 parking spaces and trailer storage capacity for up to 114 spaces.
The LEED certified facility is situated 15 miles southeast of Dallas, TX, near the Union Pacific Railroad Dallas Intermodal Terminal.
Yokohama Tire Corp. intends to begin occupying the space this summer. The company will utilize the leased space to initially distribute its OE tires, and will soon distribute passenger car/light truck and commercial truck/bus products from the space in 2022.
Duke Realty’s Matt Hyman handled the negotiations alongside CBRE’s Nathan Lawrence, Kacy Jones and Krista Raymond.
“Duke Realty is a leader in modern, convenient logistics properties and we remain committed to working with clients like Yokohama Tire Corp. to ensure they have well located, advanced facilities to meet their needs,” states Jeff Thornton, SVP of the Texas region for Duke Realty. “Yokohama had a tightly defined timeline and our vertically integrated development model has helped meet the client’s expedited delivery, occupancy and operational schedule.”
Thornton adds, “We are proud to be a part of the solution to expand their national footprint and bring additional jobs to the Dallas/Fort Worth metropolitan area.”
“By working closely with clients like Yokohama we can ensure our developments are built to tenant specifications while meeting sustainability standards – a win-win for clients and the markets we serve,” states Hyman. “Together with broker partners, we will continue to expand our 17.1 million square foot portfolio in the Dallas/Fort Worth metropolitan market.”