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3/15/16
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Ridge Development plans to break ground in the second quarter of 2016 on Park 20/360, a spec, 1.6 msf industrial park at the northwest corner of I-20 and State Highway 360 in Arlington, TX. The 119-acre project is owned by a venture between Invesco and Ridge, the industrial development arm of Transwestern Development Co.
The location feeds into the Great Southwest Industrial District, one of the largest individually platted industrial districts within the U.S., and lends itself to local, regional and national users. The 119-acre project is owned by a venture between Invesco and Ridge Development. It is divided into three different types of space to accommodate multiple industrial user types including bulk distribution, warehouse and flex.
Phase I will consist of four buildings totaling 1.25 msf and is expected to deliver in first-quarter 2017. Phase II, also comprising four buildings, will total 356k sf. It is scheduled to break ground in third-quarter 2017 with full delivery expected in second-quarter 2018. Transwesterns Vice President Joe Rudd and Principal John Brewer are providing leasing services.
The Park 20/360 site is located inside a Triple Freeport Tax Exemption zone and is a gateway location within the Great Southwest Industrial District, which consists of more than 100 msf of distribution and manufacturing space. The site is approximately 18 miles from the Dallas-Fort Worth International Airport and is in close proximity to the Arlington Highlands lifestyle center, AT&T Stadium and Globe Life Park in Arlington.
Park 20/360s buildings will accommodate users from 20k sf to 715k sf. The building breakdown is as follows:
Building I (Phase I) cross-dock building totaling 711.4k sf with 36-foot clear heights, 284 parking spaces and 180 trailer parking spaces
Building II (Phase II) rear-load building totaling 127.1k sf with 32-foot clear heights, 111 parking spaces and 23 trailer parking spaces
Building III (Phase I) rear-load building totaling 203.3k sf with 32-foot clear heights and 231 parking spaces
Building IV (Phase I) rear-load building totaling 191.4k sf with 32-foot clear heights and 224 parking spaces
Building V (Phase I) front-load building totaling 143.5k sf with 32-foot clear heights, 186 parking spaces and 28 trailer parking spaces
Building VI (Phase II) rear-load building totaling 143.5k sf with 32-foot clear heights and 148 parking spaces
Building VII (Phase II) single-user building totaling 36k sf with 32-foot clear heights and 58 parking spaces
Building VIII (Phase II) single-user building totaling 49.4k sf with 32-foot clear heights and 59 parking spaces
Selected consultants on the project include:
Architect: Alliance Architects Inc.
Civil engineering: Pacheco Koch Consulting Engineers Inc.
Geotechnical and environmental: Professional Services Industries Inc. (PSI)
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