Construction kicks off on huge Southern Dallas County business park
A commercial property firm that recently relocated its headquarters from California to Dallas has purchased a large development site in southern Dallas County for its first local project.
Xebec Realty acquired a 255-acre industrial property on Fulghum Road near Interstate 45 in Wilmer. The company has already broken ground on two buildings on the site in a project it calls Logistix Hub, South Dallas. Those first two buildings in the new business park will have more than 2 million square feet of space and are set to open in early 2022.
“This groundbreaking at Logistix Hub, South Dallas marks our first development in the rapidly growing South Dallas industrial market,” Randy Kendrick, president and CEO of Xebec, said in a statement. “The impact of the COVID-19 pandemic on retail distribution has further catalyzed an already strong growth story for industrial real estate as e-commerce occupiers continue to expand their existing footprint.
“The Logistix Hub, South Dallas project provides the perfect solution to meet this growing demand.”
The entire business park is planned to have more than 4.5 million square feet of construction.
Southern Dallas County is one of North Texas’ top warehouse and distribution markets.
At the end of 2020, almost 7 million square feet of industrial buildings were under construction in the area along Interstates 20 and 45.
Xebec is a privately held real estate investment and development firm that moved its head office from Southern California to downtown Dallas in mid-2018. The company has properties stretching from California to the Midwest and Southeast U.S.