Nationally recognized developer TRG will make its entry into the Dallas-Fort Worth industrial market in the new year by breaking ground in January on a 1.6-million-square-foot industrial project 14 miles southeast of Downtown Dallas.
TRG has appointed Threecore, a full-service construction firm that is a client of Stream Realty Partners, to design and build CORE45 at 1690-1700 E. Pleasant Run Road in Wilmer, Texas, along with its sister design firm, CESO, Inc. The project has direct access off Interstate 45 and is 1 mile from the Union Pacific Dallas Intermodal Terminal. The two-building development has an expected delivery of the first quarter of 2023 and will be able to accommodate tenants seeking 300,000 square feet to 1.6 million square feet.
“We could not be more excited to kick off our CORE45 development in the booming South Dallas industrial market,” said Ray Catlin, Threecore President.
As part of the development group, TRG has teamed up with Grandview Partners, which will be providing funding for CORE45. Stream, a national real estate services, development, and investment company, has been awarded the leasing of the project.
The Class A development specifications at CORE45 have been designed with the latest industry standards and parking counts to offer flexibility for tenants. Building 1 of CORE45 will offer 616,068 square feet, 110 dock doors, 151 trailer parks, and 306 employee parking spaces. Building 2 will feature 1,027,068 square feet with 186 dock doors, 252 trailer parks, and 594 employee parking spaces. Build-to-suit office space, cross-dock configurations, and 40-foot clear heights are applicable to both facilities. Tenants will have the ability to fully secure the premises and truck courts with a fence and guard shack.
Near the crossroads of Interstates 45 and 20, Wilmer is home to distribution centers for Amazon, Unilever, Sprouts Farmers Market, Proctor & Gamble, Whirlpool, Ace Hardware, and Medline.
Stream Dallas Managing Director Matt Dornak, Vice President Luke Davis, and Associate Ridley Culp will oversee the leasing efforts at CORE45.
“The increasing demand and limited supply of industrial space in South Dallas and the Metroplex as a whole make this a much-needed development that will be functional for tenants seeking 300,000 square feet or more,” Dornak said. “We could not be more excited to partner with TRG and Grandview on this development and help bring more tenants to Wilmer, a city that continues to be an attractive location for major companies looking to move to Dallas-Fort Worth.”