FORNEY, Texas, Dec. 14, 2021 /PRNewswire/ — USAA Actual Property and Seefried Industrial Properties have partnered to develop East Gate Logistics Middle, a 1,272,240-square-foot, trendy Class-A distribution heart in Forney, Texas, one of many quickest rising cities in Texas. This new facility would be the largest improvement of its type within the historical past of Dallas-Fort Value, at present one of many strongest industrial markets within the nation.
Forney has seen large development during the last 24 months, as the economic base has quickly expanded to incorporate key logistics amenities for Goodyear, Amazon and different high title corporations. These additions led to Forney being named one of many quickest rising cities and faculty districts in Texas and Kaufman County lately being named the third quickest rising county in America.
East Gate Logistics Middle will provide an economical resolution to large-scale ecommerce, distribution and manufacturing makes use of. The positioning’s location gives handy entry to each Interstate 20 and Freeway 80, in addition to a labor power of over 1.3 million folks inside a 30-minute drive.
East Gate Logistics Middle will embrace all the options of a state-of-the-art Class-A logistics facility, comparable to 40′ clear top, on-site trailer queuing, ample automotive and trailer parking, multi-tenant functionality, ESFR sprinkler system, and extra. Situated simply 20 minutes from downtown Dallas on the intersection of Freeway 80 and Gateway Blvd., the undertaking will break floor in 1st Quarter 2022 and ship in mid-2023.
Tony Creme and Ann Jaggars with KBC Advisors are leasing the undertaking on behalf of USAA Actual Property and Seefried.
About USAA Actual Property (www.usrealco.com)
With roughly $30 billion in property below administration and 11 world workplaces, USAA Actual Property is an business chief in buying, creating, financing and managing the very best high quality actual property property in North America and Europe. The mission of USAA Actual Property is to serve the monetary pursuits of its investor shoppers by strengthening the profitability and variety of the USAA funding portfolio, which incorporates multifamily, industrial, workplace and resort properties, in addition to e-commerce logistics and distribution facilities, media manufacturing amenities and knowledge facilities. Aligned with a collection of strategic partnerships cultivated over a long time of co-investment, USAA Actual Property engages with preeminent sector leaders demonstrating confirmed area experience in a shared drive to attain superior, risk-adjusted returns.
About Seefried Properties (www.seefriedproperties.com)
Based in 1984 by Ferdinand Seefried, Seefried Properties specializes within the improvement, leasing and administration of business properties in key markets throughout the U.S. Seefried leases and manages roughly 40 million sq. toes for its institutional and European shoppers and has developed, or is within the means of creating, roughly 190 million sq. toes of house valued in extra of $15 billion throughout 50+ markets. Primarily based in Atlanta, the agency has regional workplaces in Dallas, Chicago, Los Angeles and Phoenix.
View unique content material to obtain multimedia:https://www.prnewswire.com/news-releases/seefried-and-usaa-real-estate-to-develop-largest-speculative-class-a-warehouse-in-dfw-metroplex-history-301443885.html
SOURCE Seefried Industrial Properties