NORTHWEST DALLAS

Current Events

Through Q2 2023, the northwest Dallas industrial submarket continues to be one of the strongest-performing submarkets in DFW. Valwood is a haven for building supply companies as well as 3PL’s with direct access to I-35. Billingsley, Longpoint, Panattoni, and TA Realty have leased their recent developments in Valwood. The Metropolitan/Addison submarket is extremely tight from a vacancy standpoint as there are no more available sites for development. Lastly, as developers move north to track down sites in Denton and Sanger, Highway 121 is now centrally located in the DFW market and an extremely desirable location for users. The northwest Dallas submarket finished Q2 with a 4.4% vacancy rate which will stay along that number throughout the year as the final wave of developments on Highway 121 deliver, which will be leased soon after delivery.

Top Lease Transactions

• Ariat Boots has signed a 609K SF lease on Western Boulevard in Denton with Exeter.

• EMLS signed a 419K SF lease on Western Boulevard in Denton with Scannell.

• Fleco Industries has signed a 184,902 SF lease with Lincoln Property Company on 2055 Luna in Carrollton.

• Stone Resources has signed their 91K SF renewal at 2425 Carter with Taurus Investment Holdings in Carrollton.

Deals In The Market

• Mary Kay Distribution Center has 186K SF currently on the market for sale located in the Frankford Trade Center pocket in Valwood. This deal is under contract.

• DFW Airport/Valwood Portfolio consists of five (5) buildings totaling nearly 600K SF. KKR is the seller.

• North Dallas Infill Portfolio – TA Realty is selling six (6) buildings totaling over 500K SF in the Airport, Valwood, Metro and Richardson submarkets.

New Developments

• Exeter Westpark III – A 421,200 SF development with Exeter in Denton, set for completion in Q3 2023

• Denton Crossing 1 and 2 – A 699K SF two (2) building crossdock project with Scannell, set for completion in Q2 2023

• Urban District 35 – A 441K SF four (4) building project with Urban Logistics Realty located in Denton with I-35 frontage, set for completion in Q3 2023

• ICC-35 – A 1.1M SF three (3) building project with CLX Ventures located directly off of Loop 288 and I-35 in Denton, set for completion in Q4 2023

• 3333 University Drive – Billingsley is under construction on a two (2) building project in Denton totaling over 900K SF, set for completion Q4 2023.

• 288/380 Logistics Park – A 800K SF four (4) building project with Velocis in Denton located at Loop 288 and 380, set for completion in Q3 2023

• Live Oak Logistics Park, Phase II – They are under construction on their final phase with two buildings totaling 240K SF, set for completion in Q3 2023

• Red River Business Park – Hines is under construction on their three (3) building development in Lewisville at Highway 121 and I-35. The SF totals 248,936 set for completion in Q3 2023.