Lovett Industrial, in collaboration with PCCP, has announced the start of the construction on the new logistics hub in Garland, Texas, US.
Alston Construction is the general contractor for the project.聽
The Garland Innovation Center is designed to accommodate a variety of tenants, with spaces ranging from 20,000ft虏聽to 143,000ft虏.
This development marks Lovett Industrial’s eighth project in the greater Dallas-Fort Worth area, adding to its presence that includes more than 5.3 million square feet of space either completed or under construction.聽
Lovett Industrial director Bennett See said: 鈥淲ith an existing vacancy rate of only 4.6% in Garland, and extremely limited opportunities for newly constructed, Class-A product, we are excited not only to offer the tenants in Garland the opportunity to stay in Garland as their businesses grow but also to attract the next generation of businesses to the City of Garland.聽聽
鈥淲e believe the Garland Innovation Center benefits from a wonderful, business-friendly environment, an ideal location, fantastic labour, and best-in-class facilities designed with all our future users鈥� needs in mind. We are incredibly excited about Garland Innovation Center and look forward to continuing to work within the City of Garland.鈥澛�
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By GlobalDataThe project, set to be completed in the first quarter (Q1) of 2025, will offer two Class-A logistics facilities spanning a total of 241,067ft虏 on a 14-acre urban infill development site.聽
The development’s two buildings will measure 143,537ft虏 and 97,530ft虏.聽聽
Meinhardt & Associates Architects is leading the design and Kimley-Horn & Associates serves as the civil engineer.聽
Financing for the construction is being provided by First Citizens Bank.
Stream Realty’s James Mantzuranis and Adam Jones will manage marketing and leasing efforts for the industrial park.
Earlier in the year, Lovett Industrial announced the acquisition of 328 acres in James City County, Virginia, for the development of Enterprise Logistics Park.
