Dallas-based Bandera Ventures is planning a five-building, Class A+, 1.4 million square foot industrial project at Passport Park in the Dallas Fort Worth International Airport.
HFF announced the capitalization of the project, known as Gateway Logistics Center on Feb. 7.
The HFF team worked on behalf of the developer, Marty McFarland and Tom Leiser of Bandera Ventures, to arrange a joint venture equity partnership with Boston-based Long Wharf Capital. Additionally, working on behalf of the partnership, the HFF team secured a construction loan from Bank of the Ozarks. The development commenced in late 2017 and will deliver buildings beginning in the fall of 2018.
Gateway Logistics Center will be located on 86 acres in the southeast corner of DFW Airport’s land near the south entrance. The property has direct frontage on and access to Highway 183 and will also be accessible from Valley View Lane and the to-be-built Passport Drive. The project will feature three state-of-the-art cross-dock buildings ranging from 250,000 to 380,000 square feet that will have 32- to 36-foot clear heights, deep truck courts, plentiful dock doors and trailer storage on each side. Two 200,000- to 250,000-square-foot rear-load buildings with 28- to 32-foot clear heights will complete the development and are designed to accommodate users of 25,000 to 75,000 square feet, including those that require store front operations.
The general contractor for the project will be FA Peinado. Teddy Peinado, founder and CEO, was selected by the United States Hispanic Chamber of Commerce as Business of the Year in 2017. The project will be leased by Mark Hayes of HPI Real Estate Services & Investments. The project is part of DFW Airport’s Passport Park mixed-use development, one of the last available sites at the airport, which is managed by the DFW Airport Commercial Real Estate team of John Terrell, Mark Witte, Smitha Radhakrishnan and John Brookby. DFW’s Jeremy Breinholt will lead project management on behalf of the airport. Bandera Ventures and FA Peinado will complete the major infrastructure improvements to Passport Park, allowing DFW Airport to facilitate new development and investment within the project.
The HFF team included executive managing director Joe B. Thornton, Jr. and managing director Adam Herrin. The Bank of the Ozarks team included managing director Tucker Hughes and senior vice president Langford Stuber.
Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.