DALLAS, TX – April 27, 2021 – Urban Logistics Realty (ULR), a Dallas-based investment firm focused on acquisitions and developments, announced today an acquisition of 22 acres of land in the city of Euless to build its second industrial development in Dallas/Fort Worth called Urban District 183 (UD183). The development is an infill, 367,000-square-foot, three-building project located at the northwest corner of Pipeline Road and Industrial Boulevard. The project is slated to break ground in May 2021. Located on the site of the former Cooper’s Driving Range, UD183 will include a 100,000-square-foot rear-load building, a 191,000-square-foot front-load building and a 75,000-square-foot side-load building.
ULR recently delivered a nearly 1 million square foot industrial park known as Urban District 30 (UD30) in Mesquite. That project consisted of five-buildings fronting Interstate 30 and was 40 percent preleased at the time of delivery. ULR’s tremendous success with UD30 is attributed to their unique ability to proactively understand what tenants require and thus build a well located, state-of-the-art facility to meet those demands.
Jason Nunley at Urban Logistics, said, “We found a unique opportunity with this site in the ability to convert a golf range into a state-of-the-art corporate campus. It is becoming harder and harder to find vacant land sites in DFW so we are having to get creative. UD183 will provide a much-needed option as infill locations are seeing an unprecedented demand in the Dallas area. Its location in the middle of the metroplex, within the mid-cities, strategically places the development between DFW Airport, Great Southwest and Fort Worth submarkets.”
Jason Nunley, Adam Herrin and Drew Feagin with Urban Logistics Realty will oversee the development of the project with the leasing and marketing assistance of Davis, Forrest Cook, Vice President, and Charles Brewer, Senior Associate, with Stream Realty Partners (Stream), a national real estate services company based in Dallas.
Luke Davis, Vice President at Stream, said, “UD183’s urban-infill location will be a welcomed addition to the ever-growing demand for Class A industrial space among tenants. The project provides great access to nearby amenities, skilled labor force and highway infrastructure, and the three-building design of this project provides numerous configurations for a variety of tenants.”