Businesses across the country are gobbling up available land in Texas for their warehouse development. Dallas News reports that now it's NorthPoint Development that is looking to break ground next month on a massive 1 million-square-foot warehouse near I35-W.
This Intermodal Logistics Center building will be part of a seven-building business park NorthPoint is developing in the area. NorthPoint has completed two other massive warehouses in Denton County. Apparel firm Ariat International Inc, is leasing a 1 million-square-foot distribution building in the project, to be used as a regional shipping hub.
A planned 1.04 million-square-foot warehouse is next in line to be built in September. It will be a year for the warehouse to be built. Dallas News reports NorthPoint owns more than 100 warehouses across the country, and its tenants include Amazon, Walmart, and General Motors. They have managed over 100 million square feet of warehouse space since 2012. This comes on the heels of developers of the AllianceTexas district announcing plans of building 1.7 million square feet of warehouse space in two planned facilities. The largest of the facilities will have 1.1 million square feet of space.
According to Dallas News, North Texas has become the country's fastest-growing industrial building market, with over 70 million square feet of space in development. AllianceTexas has over 2.3 million square feet of industrial leasing. North Texas is seeing a constant stream of warehouses being built all across the region. The business park is currently being marketed to tenants by the CBRE Group.