Dallas (Dallas County) – Jackson-Shaw, a national real estate development company, and Stream Realty Partners, a national real estate services and investment firm, announce Wednesday the groundbreaking of Parc SouthWest, a 292,700-square-foot, two-building industrial development in Irving.
Situated on 28 acres, Parc SouthWest is ideally located south of DFW International Airport, in the Great Southwest, one of the most in-demand industrial submarkets in the area. The development includes two properties, 112,200 and 180,500 square feet, respectively, and can accommodate a wide range of tenant sizes.
Ridgemont Commercial Construction will serve as the general contractor, GSR|Andrade Architects will be the project’s architect and Veritex Community Bank will provide construction finance.
Parc SouthWest is the first Urban Industrial project this development cycle specifically for tenants in the 20,000-60,000 square foot range seeking modern facility features, including 30-foot and 32-foot clear heights, abundant trailer storage and car parking, and ample dock doors.
“Parc SouthWest provides a unique opportunity to deliver a Class-A industrial product to this underserved project type in the Great Southwest submarket,” said Jason Nunley, vice president, Development at Jackson-Shaw.
In addition to its immediate access to the heart of industrial development in the south airport industrial market, Parc SouthWest offers direct access to State Highway 161 and State Highway 183, both of which connect to major north-south and east-west thoroughfares and is in equal proximity to the central business districts of Dallas and Fort Worth.
Jackson-Shaw is developing the project in partnership with GID, a Boston-based real estate investment company, and has selected Cannon Green, Sarah Ozanne, and Luke Davis of Stream’s Dallas Industrial team to oversee the leasing and management of the project.
“We are excited to continue our relationship with Jackson-Shaw on another new development and a product type that is in high demand in the submarket,” said Luke Davis, vice president with Stream’s industrial team.
“There has been tremendous development and leasing activity in the bulk distribution sector,” Davis said, “but this will be a new alternative for smaller-to-medium sized tenants seeking modern construction by one of the premier developers in the city.”
Parc SouthWest is scheduled for completion in the fourth quarter of 2018. It is Jackson-Shaw’s newest addition to a longstanding and successful history in this submarket.
Over the past 15 years, Jackson-Shaw has developed over 25 Urban Industrial buildings in Irving.
Edited from a Jackson-Shaw and Stream Realty joint press release.