Developer Stream Realty Partners has bought a 61-acre Denton County building site where it plans to construct an industrial park.
The property is near the intersection of Interstate 35W and State Highway 114 in Northlake.
The Northport 35 Business Center will contain 945,035 square feet of industrial space in three buildings, according to Cannon Green, managing director & partner for Stream Realty Partners.
Stream Realty is teaming up with Clarion Partners on the project.
Green and Bob Hagewood at Stream Realty Partners will oversee the leasing.
“The lack of industrial land in more traditional interior submarkets make for an interesting play in our opinion,” Green said.
The first building will be ready in December of next year.
SOURCE: Dallas Morning News