Xebec Closes on 255 Acres for South Dallas Logistics Hub
Xebec Realty has closed on a 255-acre industrial site in Wilmer, its first deal in the Dallas area. The company also broke ground commencing the development of two distribution centers as the first phase of Logistix Hub, South Dallas.
“This groundbreaking at Logistix Hub, South Dallas marks our first development in the rapidly growing South Dallas industrial market,” said Randy Kendrick, president and CEO of Xebec. “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.”
Logistix Hub, South Dallas will be constructed in several phases, ultimately totaling more than 4.5 million square feet of logistics facilities in four individual buildings. In this first phase, Xebec plans to develop two Class-A industrial logistics distribution buildings totaling approximately 2.1 million square feet.
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