Invesco, Perot break ground on 2.4M-sf industrial project
IRVING – Invesco Real Estate and Perot Development Co. have begun construction on Phase I of DFW Park 161.
Phase I will have three logistics buildings totaling one million sf. Phase II will include a 1.4 million-sf build-to-suit facility for an e-commerce user.
Halff Associates is the architect and civil engineer, and Peinado Construction is the general contractor.
First United Bank provided construction financing for the project, and Cushman & Wakefield is handling leasing.
Phase I will deliver early next year.
At buildout, DFW Park 161 will offer 2.4 million sf across 196 acres.
The Real Estate Center has more on DFW's industrial market:
Source: REBusiness Online
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