A brand new Plano business park will deliver nearly 1 million sq. ft of warehouse and distribution area in a high-profile location.
Prologis – the San Francisco-based firm that’s already one in all North Texas’ largest industrial constructing homeowners – is planning the 8-building warehouse undertaking on Bush Turnpike at Custer Road.
The busy website on Plano’s south border for a long time was the placement of an workplace and analysis park that through the years has housed corporations together with NTT Data, Dell, Perot Systems and ARCO Oil & Gas.
Parts of the unique campus at 2300 W. Plano Parkway had been demolished starting in 2018.
A Prologis affiliate bought the greater than 64-acre website on the finish of 2021.
Now Plano’s planning and zoning fee has accredited plans for the brand new business park which might be one of many largest industrial developments in that space of Dallas-Fort Worth.
Plans for the Plano undertaking are transferring forward as Prologis is poised to turn out to be an excellent greater participant within the Dallas-Fort Worth industrial market.
Prologis has agreed to pay $26 billion to amass competitor Duke Realty.
Prologis owns more than 200 Dallas-Fort Worth warehouses with nearly 40 million sq. ft of area. The D-FW metro space is without doubt one of the largest markets for the business property agency, which has about 1 billion sq. ft of commercial actual property worldwide.
And Indianapolis-based industrial and workplace builder Duke Realty owns greater than 17 million sq. ft of North Texas industrial area in 45 properties.
Duke Realty and Prologis are each energetic builders in D-FW, which leads the nation in with greater than 56 million sq. ft of commercial constructing exercise.