The City of Garland has approved an exciting new project that will result in the imminent construction of 494,000 square feet of additional industrial space on Leon Drive. This massive new facility, named the Garland Logistics Center, will be built on a 29-acre greenfield site located in southwest Garland near I-635 and Garland Road. This $20+ million project brings additional Class A industrial space to this premier industrial area of the D/FW Metroplex and continues the community's proactive efforts to significantly enhance its larger industrial/commercial space inventory.
The developer of the project, IDI Gazeley, LLC, is supervised by Brookfield Property Partners, a $144 billion global real estate owner, operator and investor. To date, IDI Gazeley has delivered over 250 million square feet of space to the global marketplace. Further, since IDI Gazeley's Dallas Office opened in 1994, they have constructed over 18 million square feet of industrial and office space in North Texas, Houston, El Paso and the Texas/Mexico Border market.
IDI Gazeley is no stranger to developing and operating in Garland. Instead, they just completed the 472,244 square-foot Jupiter Trade Center located at 3300 Wood Drive. This $20+ million facility is currently fully leased to four major tenants. Established tenants include: 1) Andersen Windows, one of the most recognized brands in the window and patio door industry; 2) Liquidity Services, a leader in assisting retailers to manage the reverse supply chain for overstocked and returned inventories; 3) American Logistics Services, providing inventory management, warehousing, re-packaging and transportation services to numerous nationally recognized customers; and 4) Great Western Malting Company, which supports the rapidly expanding market of brewers, distillers and food processors in our region. With the announcement of this newest exciting project, additional major tenants are soon to call Garland home.
"We are pleased to have the opportunity to work again with the City of Garland on another new facility in their fine city. Our most recent development, the Jupiter Trade Center, was a great success and is 100% leased. Our promise to deliver world-class service and quality on every project gives our customers confidence in us as a trusted partner," said Doug Johnson, Senior Vice President and Regional Director -Texas, IDI Gazeley.
The Garland Logistics Center site is one of the last sizable undeveloped parcels available for industrial development in Garland. The D/FW industrial market continues to be extremely competitive, and Garland leads in its comprehensive spectrum of industrial space offerings. Further, numerous industrial reinvestment and redevelopment opportunities are currently being explored with seasoned development partners.
"This is yet another great opportunity to secure additional Class A space in one of the largest and most dynamic industrial districts in the region. IDI Gazeley has a proven track record of developing quality projects and solid facilities, and we look forward to working with them yet again on this newest industrial project," said David Gwin, Director of Economic Development for the City of Garland.
Garland is the 12th largest City in Texas and reported an estimated population of 236,897 on July 1, 2015. The community was incorporated in 1891 and is today a major manufacturing and industrial hub for the entire D/FW Metroplex. Garland is the second most populous city in Dallas County and enjoys convenient access to downtown Dallas via public transportation which includes two DART Blue Line stations. Located adjacent to northern and eastern Dallas, Garland is a culturally diverse city with a rich history. The community celebrates a vast array of shopping, arts, outdoor activities and special events.