Amazon looking at another big expansion in North Texas…?

Amazon looking at another big expansion in North Texas, property brokers say

One of the buildings Amazon is scouting is a new warehouse north of Fort Worth on I-35W. (Trammell Crow Co.)

Online retailing giant Amazon is poised to significantly expand its footprint in North Texas.

The Internet retailer is looking at two huge warehouses that could add more than 1 million square feet of distribution space to its Dallas-Fort Worth operations, real estate brokers say. The company is in talks with owners of the industrial buildings at Dallas/Fort Worth International Airport and near the AllianceTexas development on Interstate 35W.

Amazon has been on an expansion kick in North Texas for the last few years.

In 2013, it leased two warehouses with more than 2 million square feet of distribution space in Coppell and in Haslet north of Fort Worth.

And last year, Amazon rented a 500,000-square-foot warehouse being built by Trammell Crow Co. on Interstate 20 in southern Dallas.

Now, leasing agents say that Amazon has set its sights on a 1 million-square-foot warehouse built by developer Pat Perot and Hillwood Investments at the north end of D/FW Airport in Coppell.

Located at 2701 W. Bethel Road, the Logistics Center warehouse was the largest nonterminal building constructed at the airport when it opened last year.

A spokesman for Hillwood declined to say if the developer is in talks with Amazon.

Leasing agents say that Amazon is also looking at Trammell Crow Co.’s 35/Eagle warehouse project on I-35W. The more than 1 million-square-foot building was developed in partnership with Prudential Real Estate Investors.

Crow Co. representatives said that they had no comment on Amazon looking at the huge building.

Amazon representatives would not respond to requests for information about the company’s expansion plans in North Texas.

If the Amazon deal makes, it would fill one of the largest blocks of warehouse space available in the D-FW area.

More than 23 million square feet of warehouse space is being built in the area. And more than half of the development is speculative construction.

Last year, the D-FW area had the second-highest warehouse space demand in the country with 16.5 million square feet of net leasing.

 

Source: http://bizbeatblog.dallasnews.com/2016/02/amazon-looking-at-another-big-expansion-in-north-texas-property-brokers-say.html/

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