Wednesday, April 22, 2015

Huge I-20 warehouse deal would fill a large new building

Trammell Crow Co. just finished the 823,379-square-foot Crow Penn Distribution Center on I-20. (Steve Brown)
Trammell Crow Co. just finished the 823,379-square-foot Crow Penn Distribution Center on I-20. (Steve Brown)
One of the largest speculative warehouses in the Interstate 20 corridor in southern Dallas County is close to landing a major tenant. Chicago-based publishing, logistics and information firm R.R. Donnelley & Sons Co. is close to a deal to rent the 823,379-square-foot building under construction on Beckleymeade Avenue at I-20, real estate brokers who are tracking the deal say. The building developed by Trammell Crow Co. and Prudential Real Estate Investors is one of the biggest warehouse projects in that area. Called Trammell Crow Penn Distribution Center, the warehouse was just completed. Crow just landed another major tenant – retailer Amazon.com – for its other large warehouse project under construction on I-20. Amazon plans to lease 500,000 square feet in Crow’s 2-building project at I-20 and J.J. Lemmon Road. The Amazon facility will employ about 500 workers. Crow, Clarion Partners and Rosewood Property Co. are building the JJ Lemmon Distribution Center. Another large speculative warehouse along I-20 in Lancaster was just leased to logistics firm NFI. That building is in the ProLogis 20/35 business park.
Steve Brown, The Dallas Morning News