Houston-based developer Hines is heading to North Fort Worth for their next Dallas-Fort Worth project.
In recent years, Hines has increased its industrial building footprint in North Texas.
The commercial real estate company recently sold a large distribution center in southern Dallas County.
Hines is now planning a new warehouse project north of Alliance Airport, near State Highway 114.
The more than 668,000 square foot Northlink logistics center will cost nearly $ 26 million and is expected to begin construction at the end of this year, according to planning documents filed with the state.
The project is expected to be completed in October of next year.
GSR Andrade is the architect.
Hines’ last local industrial project was the Southlink Logistics Center off Cleveland Road near Interstate 20 in south Dallas.
The more than one million square foot distribution building was leased to Amazon and was purchased in December by New York investor KKR.
South Dallas and North Fort Worth are the main industrial development markets in North Texas.
Over 5 million square feet of industrial buildings are under construction in the North Fort Worth market where Hines is planning their new building.
For all of North Texas, nearly 29 million square feet of warehouse space is on the way.
Hines is one of the most active developers in the D-FW field. The real estate company has just opened an office and retail building in Deep Ellum and is completing a high-rise apartment in Victory Park.
And in Uptown, Hines just started work on a mixed-use project that includes the historic Maple Terrace Apartments on Maple Avenue.