Dallas developer plans big warehouse market push - The Dallas Morning News

A Dallas-based industrial builder that’s already a major player in the warehouse market plans to ramp up its business in 2020.

Crow Holdings Industrial says it plans to start an additional 10 million square feet of warehouse and distribution projects across the country this year.

“With expanding e-commerce growth, demand is outpacing supply of Class A industrial space in virtually every U.S. metro,” Ken Valach, CEO of Crow Holdings Industrial, said in a statement. “With offices across the U.S., we have a deep understanding of market dynamics from coast to coast, which helps us create attractive properties that deliver value to our tenants.”

Crow Holdings Industrial broke ground this month on the first phase of a $17 million, five-building industrial park in Mesquite. The Urban District 30 project is being built in partnership with Dallas’ Urban Logistics Realty.

Crow Holdings Industrial says it has more than 8 million square feet of warehouse space under construction nationwide.

The developer said it just completed the $275 million sale of four of its warehouse properties, including a more than 1 million-square-foot building leased to Wayfair Inc. in California.

“With 16 new projects totaling 10 million square feet set to break ground this year, we’re poised to continue our strong development activity in 2020, bringing much-needed industrial properties to markets across the country,” Valach said.

Crow Holdings Industrial is part of Crow Holdings, a privately owned investment and development firm based in Dallas.

Dallas-Fort Worth is one of the country’s top industrial building markets, with almost 25 million square feet of warehouse space under construction.

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Dallas developer plans big warehouse market push - The Dallas Morning News
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