Feature Illustration: Architectural rendering of the Grand Lakes|I-30 industrial building. Courtesy: Stream Realty Partners.
Grand Prairie (Dallas County) — Stream Realty Partners broke ground this week on Grand Lakes|I-30, a Class A 296,615-square-foot industrial building.
Located south of Interstate 30 and east of MacArthur Boulevard in Grand Prairie’s business friendly Pinnacle/Lonestar/Turnpike submarket, Grand Lakes|I-30 will provide easy access from any location in the Dallas-Forth Worth metroplex.
The building was designed by Jason Russell of GSR-Andrade Architects. Also with the development team is Dan Gallagher of Kimley-Horn and Ben Bratcher of The Conlan Company.
“The building’s in-fill location, presence on Interstate 30, modern features, and tremendous access to the highways will be highly sought after by industrial companies,” said Drew Feagin, a Stream associate.
Grand Lakes|I-30 is expected to be available of occupancy the third quarter of this year. Stream will develop, lease and manage the project. Upon completion, Stream will deliver the property the Heitman, a global real estate investment management firm that will acquire the property on behalf of an affiliate of the firm.
Feagin and Stream’s Dallas office managing director and partner Cannon Green will oversee leasing. Albert Jarrell, managing director of Stream’s Construction Division, is supervising construction.
“This site is one of two remaining land tracts in the highly successful Grand Lakes Industrial Park,” Green said. “Due to Drew’s presence in the market, we were fortunate to have acquired the site off-market from the prior owner, EFCO, who purchased the land years ago to build their own facility.”
The article was edited from a Stream press release.