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The West LBJ submarket has a higher vacancy rate of 20.1% compared to 17.2% in the adjacent Lower Tollway submarket, creating opportunities for tenants, Stream's Todd Noonan tells GlobeSt.com.
The renovation of the 90,000-square-foot in-fill cold storage facility, Logistics Pointe, will allow the tenant, Kraft Heinz Company, to quickly transport cold goods to retail and/or consumers.
For renters in the DFW area, Plano is the best bet with 89.4% of applicants getting approved, followed by Irving with 88.8% and then Dallas, which is also reporting a high approval rate of 84.8%, according to RentCafe.
Area accelerators, universities, corporations and nonprofits engage with the tech community to connect entrepreneurs and investors, elevate innovative ideas and entice talent to call Dallas home says JLL.
The International Logistics Center is underway on 40 acres located on the south side of Dallas/Fort Worth International Airport, literally on the airport property, GlobeSt.com learns.
REITs and private owners continue to sell and monetize non-core retail assets as the market adapts to the rapid changes continuing in the retail sector and the buyer pool continues to evolve as well.
Demand continues to grow for rare redevelopment sites in strong urban areas and the county has a number of office facilities nearby without adequate parking, so the site offered a viable solution.