October 29, 2024
DALLAS – Transwestern Real Estate Services (TRS) announces a joint venture between Austin Reynolds of Reserve Street Property Co. and Mitch Miller and Steve Cramer of BC2 Capital has acquired a 4.5-acre parcel at 1900 Hurd Drive with plans to develop a state-of-the-art industrial facility on the site. The TRS Dallas Industrial Team, led by Riley Maxwell and John Brewer, represented the buyer, while JLL represented the seller, Hollman Inc., in the acquisition.
The development will include a 58,280-square-foot, Class A industrial facility featuring 28-foot clear heights and a secure 1.1-acre laydown yard, designed to accommodate flexible storage and operational needs.
Construction commenced in October 2024, with Bratjen Construction serving as the general contractor and GSR Andrade as the project architect.
“This development will offer users a level of flexibility not typically found in industrial developments of this size,” said Maxwell. “The ability to park trailers, store products outdoors, and support heavy parking needs in an infill location is a valuable asset for manufacturers and other users in the DFW Airport submarket.”
This submarket is recognized as one of the premier industrial hubs in the Dallas-Fort Worth region, thanks to its proximity to the airport and major transportation routes. This land sale reflects a decade-long trend of increased investment in land for industrial uses, according to Transwestern Research.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Four dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.
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