DALLAS (May 7, 2018) –Stream Realty Partners (Stream) – a national commercial real estate services, development and investment firm, is pleased to announce the groundbreaking of Parkway Logistics Center, a 271,794-square-foot speculative industrial development in Grand Prairie, Texas. The development project was acquired in February, 2018 through a joint venture with LaSalle Investment Management.
Located at 2911 S. Great Southwest Parkway, Parkway Logistics Center sits on a 14.34-acre site in the Great Southwest submarket, is directly across from the Grand Prairie Municipal Airport, and provides quick access to State Highway 360, State Highway 161, Interstate 20, and Interstate 30. The development offers tenants, employees and customers easy access from anywhere in the Dallas-Fort Worth metroplex.
Slated to be delivered later this year, Parkway Logistics Center is a Class A industrial facility with more than 270,000 square feet of space that is divisible to 50,000 square feet, dedicated parking for up to 69 trailers, parking for more than 100 vehicles, and 44 dock-high loading bays.
Todd Noonan, senior vice president at Stream, represented the seller in the land transaction, while Cannon Green, managing director and partner of Stream’s DFW office and Luke Davis, a vice president at Stream, represented the purchaser.
“The attributes of this in-fill land site are fantastic and we are excited to grow our relationship with LaSalle who is one of our biggest clients in this area of DFW,” said Cannon Green. “We are confident that demand will continue to remain robust in this submarket, and in Dallas-Fort Worth overall. Parkway Logistics Center is a great project to capitalize on this trajectory.”