Trammell Crow Company (TCC) and joint venture partner PGIM Real Estate have begun construction on Phase II of 35-Eagle industrial park in Fort Worth. Project plans for the 106-acre site include three new industrial buildings: Building A, a 1.09 million-square foot cross-dock warehouse; Building H, a 312,654-square-foot rear-load warehouse; and Building J, a 233,961-square-foot cross-dock warehouse. Completion for all three buildings is expected for late 2017.
This is the second phase at 35-Eagle. The joint venture partnership completed Phase I, which is comprised of two Class A+ buildings totaling nearly 1.6 million square feet in the fourth quarter of 2014. Shortly after completion, Phase I secured long-term leases with two investment grade tenants to reach 90 percent occupancy. Buildings B and D were sold to Heitman, a real estate investment management firm, in late 2016.
“We are extremely pleased to continue our work with PGIM Real Estate on Phase II of 35-Eagle,” said Scott Krikorian, senior managing director of TCC’s Dallas/Fort Worth Business Unit. “35-Eagle provides tenants modern amenities and efficient access to local highways, intermodals and airports.”
Located at the northwest corner of Interstate 35W and Eagle Parkway, the project is adjacent to Alliance Airport. The project offers efficient ingress and egress along I-35W, as well as north and southbound exits and entrances at Eagle Parkway and I-35W. The project is also located within three miles from the headquarters for the BNSF Railway, the second-largest freight railroad network in North America. Ownership will seek LEED certification on all three buildings.
Alliance Architects, Inc. is the project architect. Conlan is the general contractor and Halff Associates, Inc. will serve as the civil engineer. Steve Trese and Bob Scully with CBRE Dallas are leasing and marketing the project.