LPC’s 1-Million-SF South Dallas Spec Project to Deliver in Q2 of ‘21

Logistics Property Company, LLC (LPC) is on schedule to deliver Southport Logistics Park, Building 3 (Southport 3) in the City of Wilmer, Texas, in Q2 2021. Southport 3 comprises one speculative, state-of-the-art, Class A distribution facility totaling more than 1 million square feet—expandable to 1.2 million square feet. At full build-out, Southport Logistics Park will house over 3.55 million square feet of Class A industrial space. It is located within a 252-acre, master-planned logistics destination in the South Dallas submarket of Dallas-Fort Worth (DFW). Well-known corporate neighbors in the industrial park include an operating subsidiary of a Fortune 100 e-commerce retailer, and an iconic American consumer packaged goods manufacturer. “2020 has continued to attract new tenants to the South Dallas submarket, as the overall DFW population increased due to corporate business relocations,” said Kent Newsom, LPC’s executive vice president – south region. “Southport 3 is strategically positioned to take advantage of the increase in e-commerce demand combined with the lack of 1 million square foot competition in the market.” Located immediately east of Interstate 45 and the Union Pacific Intermodal, five miles south of Interstate 20 and three miles south of the second busiest FedEx Ground hub in the U.S., Southport offers tenants a premier logistics location within DFW. “This site allows for a single building of 1 to 1.2 million square feet,” said Kacy Jones, senior vice president, CBRE Dallas-Fort Worth. “It also boasts 40-foot clear height, room for more than 300 trailer parking spaces and over 650 car parking spaces.” The land available for potential expansion doubles as additional car and/or trailer parking for large e-commerce users. Moreover, the attractive financial incentives of the Tax Increment Reinvestment Zone (TIRZ) combined with LPC’s solid build-to-suit track record position this opportunity as one that will not last.