A privately-owned food and beverage distributor based in Carlisle, Pennsylvania plans to open up a new North Texas distribution hub as it bolsters its supply chain.
Northlake 35 Business Center was recently developed by Dallas-based Stream Realty Partners in a partnership with Clarion Partners.
The three-building industrial campus totals nearly 1 million square feet of space, and has brought some much-needed industrial space to North Texas.
Dallas-Fort Worth is one of the most active industrial submarket in the United States, recently ranking No. 2 in the country. By mid-year, North Texas absorbed 9.3 million square feet of industrial space, which has helped keep the market below its historic vacancy rate, according to JLL research.
Last year, California-based Wesco Aircraft Holdings Inc. (NYSE: WAIR) signed a big real estate deal totaling 309,357 square feet within the business park, bringing a new warehouse to the region.