Dallas – September 8, 2022 – On behalf ofMolto Properties, CBRE announced construction has started on two speculative distribution buildings at GSW Commerce Center at 161, a Class A+ logistics park in DFW’s highly desirable Great Southwest/Arlington (GSW) industrial submarket. Both rear load buildings are the initial phase of development and will total 464,495 square feet. They are expected to deliver in summer 2023.
“Dallas-Fort Worth has experienced unprecedented growth over the last few years,” said Ryan Lovell, Vice President of Molto. “I’m excited about securing property on State Highway 161, one of DFW’s main north and south transportation arteries that runs through the heart of the Metroplex. As supply chain costs continue to increase, it is more critical than ever for companies to operate in-fill locations to help reduce rising transportation costs.”
The industrial park is situated south of DFW airport and offers tenants highly desirable visibility on President George Bush Tollway (PGBT) and provides convenient access to robust transportation routes in I-30, SH-183, and I-20 just minutes away. More than half of the DFW metroplex—a total of 3.8 million people—can be reached within a 30-minute drive. The GSW submarket, the second-largest industrial submarket in the metroplex, contains approximately 115.5 million square feet of total inventory and encompasses approximately 13.1% of the overall market supply.
Located between E. Rock Island Rd. and E. Shady Grove Rd. in Grand Prairie, the first phase of construction offers two rear load buildings ranging in size from 211,940 sq. ft. to 252,555 sq. ft., 36-foot clear heights, 180 feet truck court aprons, ESFR sprinklers, dock high doors, grade level ramps, and a combined 116 trailer parking spaces and 410 standard parking spaces. The design and layout of the property includes three points of ingress and egress along Hwy 161 and two points along E. Rock Island Rd. It can accommodate a variety of industrial user demands including bulk distribution, shallow-bay or office/showroom. GSW Commerce Center will ultimately consist of multiple phases spanning across 145 acres total. Phase 1 and subsequent phases, which will be announced in more detail in Q4 2022, will total approximately 2 million sq. ft. across multiple buildings in a diverse building configuration.
“GSW Commerce Center features highly desirable building characteristics sought after by a wide range of industrial users and will add much needed industrial space to the submarket,” said Mr. Gilchrist. “Molto designed this development with the perfect combination of accessibility, functionality and building quality. We’re looking forward to seeing how the end users are able to utilize this space.”
Benefiting from high inbound migration, a business-friendly climate and strong infrastructure, the DFW metroplex’s population has grown approximately 19% over the past two years with no signs of slowing down. According to CBRE’s Q2 2022 Industrial MarketView, there are over 62.8 million square feet of industrial product under construction across Dallas-Fort Worth with a direct vacancy rate of 4.9 percent. The GSW submarket is further constrained with a 2.5 percent direct vacancy rate, the second lowest across the region.
About Molto Properties
Molto Properties LLC is a Chicago-based, privately held entrepreneurial real estate firm with a portfolio of more than twenty million square feet of real estate. Its focus is the acquisition, development, and operation of quality industrial real estate throughout the United States with an active focus on California, Texas, and the Midwest. With an established history as both operators and investors, the diverse experience of the management team enables Molto to pursue a broad investment strategy, actively pursuing and acquiring vacant and income-producing assets, and land for development, redevelopment and build-to-suits. More info available at moltoproperties.com
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.