Q1 2022 DFW Industrial Market Report

Q1 2022 INDUSTRIAL MARKET REPORT DALLAS/ FORT WORTH

P ro p er t y : FE D Ca r ter D istribution Ce nte r

w w w.h o l t l u n s fo rd .co m

TABLE OF CONTENTS

04

DFW Industrial Submarket Coverage

05

DFW Industrial Market Experts

06

DFW Trends & Transactions

07

DFW Industrial Facts & Figures

08

Submarket Intelligence

DALLAS 5950 Berkshire Lane, Suite 900 Dallas, Texas 75225 T 972.241.8300 | F 972.241.7955

FORT WORTH 1200 Summit Avenue, Suite 300 Fort Worth, Texas 76102 T 817.710.1110 | F 817.810.9017

www.holtlunsford.com

04 Q1 2022 DFW INDUSTRIAL MARKET REPORT

DFW INDUSTRIAL

Submarket Coverage

DECATUR

DENTON McKINNEY PONDER

PRINCETON

NORTHWEST DALLAS 7,194,737 SF

FARMERSVILLE FRISCO GREENVILLE

ALLEN JUSTIN

THE COLONY

BOYD

LEWISVILLE

PLANO

FLOWER MOUND

FAR NORTHEAST DALLAS 6,951,357 SF WYLIE

ROANOKE

HASLET

CARROLLTON

ROYSE CITY

SPRINGTOWN GRAPEVINE

KELLER

NORTH FORT WORTH 4,558,020 SF

ADDISON

COPPELL

RICHARDSON

SOUTHLAKE FARMERS BRANCH

GARLAND

DFW AIRPORT 2,257,984 SF

DFW INTERNATIONAL AIRPORT

ROCKWALL ROWLETT

LAS COLINAS

COLLEYVILLE SAGINAW

DALLAS LOVE FIELD AIRPORT

BEDFORD EULESS FORT WORTH MEACHAM INTERNATIONAL AIPRORT

RICHLAND HILLS

HURST IRVING

SOUTH STEMMONS 3,498,698 SF WHITE SETTLEMENT

SUNNYVALE

DALLAS

MESQUITE

FORT WORTH

NORTHEAST/EAST DALLAS 5,429,248 SF FORNEY

GRAND PRAIRIE

TERRELL

ARLINGTON

GREAT SW/ARLINGTON 3,448,035 SF

ALEDO

DALLAS EXECUTIVE AIRPORT

BENBROOK DUNCANVILLE

HUTCHINS

CRANDALL

CEDAR HILL

CRESSON

SOUTH FORT WORTH 5,855,746 SF

DESOTO

SOUTH DALLAS 6,309,166 SF

KAUFMAN

LANCASTER

MANSFIELD

BURELSON

RED OAK

MIDLOTHIAN

WAXAHACHIE

CLEBURNE ENNIS

Q1 2022 DFW INDUSTRIAL MARKET REPORT 05

DFW INDUSTRIAL

Market Experts

MATT CARTHEY

CANON SHOULTS

JOHN GORMAN

JOSH BARNES

ANDREW GILBERT

Partner, Managing Principal Fort Worth mcarthey@holtlunsford.com 817.710.1111

Managing Principal Dallas cshoults@holtlunsford.com 972.280.8328

Senior Vice President Dallas jgorman@holtlunsford.com 214.920.9800

Senior Vice President Dallas jbarnes@holtlunsford.com 972.280.8353

Market Director Dallas agilbert@holtlunsford.com 972.280.8312

GEORGE JENNINGS

THOMAS GRAFTON

MADDY CANTY

KEATON BRICE

BLAKE TROIANI

Market Director Fort Worth gjennings@holtlunsford.com 817.632.6151

Market Director Fort Worth tgrafton@holtlunsford.com 817.632.6152

Market Associate Dallas mcanty@holtlunsford.com 972.280.8325

Market Associate Dallas kbrice@holtlunsford.com 972.421.1956

Market Associate Dallas btroiani@holtlunsford.com 972.265.0126

WILLIAM WILSON

MITCH CANTWELL

WALKER FLOYD

TREY GOODSPEED

Market Associate Fort Worth wwilson@holtlunsford.com 817.284.5555

Market Analyst Dallas mcantwell@holtlunsford.com 972.265.0133

Market Analyst Dallas wfloyd@holtlunsford.com 972.265.0141

Market Analyst Fort Worth tgoodspeed@holtlunsford.com 817.632.6155

06 Q1 2022 DFW INDUSTRIAL MARKET REPORT

HLC OUTLOOK Coming off of a record setting year in 2021, the Dallas-Fort Worth industrial market ended Q1 2022 with continued momentum. Q1 2022 marked the 46th quarter of positive net industrial absorption in the Dallas-Fort Worth industrial market. Per CoStar reporting, DFW is off to another strong start with 2.6M SF of net positive absorption.

Strong leasing activity in north Fort Worth and south Forth Worth led the charge. The overall market vacancy dropped slightly lower to +/5.20% (versus 5.25% at YE 2021).

At Q1 2022, absorption remained stable versus the delivery of 2.9M SF of new space. The development landscape is at a historic pace with 53.6M SF under construction and new announcements coming soon, pushing the under construction number closer to 63M SF. We are seeing development span to new areas of the metroplex as large entitled industrial sites are becoming more scarce and the institutional demand continues to increase as capital markets flee other product types and follow the increasing demand from industrial occupiers.

As we look forward to the remainder of 2022, we expect the overall industrial market will continue strong as many of the large 3PL and e-commerce tenants are hiring and expanding in the DFW market. Additionally, supply chain shortages are driving companies to reevaluate their inventory management practices and many companies are now carrying safety stock. We expect DFW to outperform other parts of the country as it continues to be the biggest benefactor of largescale relocation efforts and population growth.

With no slow down in sight, the Dallas-Fort Worth industrial market will continue to perform at record-setting levels.

DFW INDUSTRIAL

Trends & Transactions

TRENDS

TOP LEASE TRANSACTIONS

Need For Speed •

More spec offices

Desire For Flexibility •

Requested expansion options and/or phased in occupancy

•

Nike has signed a 1,039,360 SF lease in 1300 East Fulghum Road off I-45 with Logistics Property Co. (LPC) .

•

Amazon has signed a 1,008,140 SF lease in 3199 Telephone Road south of I-20 with VanTrust.

•

Life Science Logistics has signed a 646,190 SF lease in 3150 State Highway 161 with Perot Development Company.

Drive To Increase Efficiency •

Increase parking requirements

•

•

Increased demand for high-quality second generation options vs rising rates for new construction

Penske has renewed their 588,364 SF lease in 730 East Trinity Boulevard with ProLogis

•

Quaker Oats has renewed their 518,241 SF lease in 1350 Chalk Hill Road off I-30 with Clarion.

•

Yusen Logistics has signed a 369,530 SF lease in Westport @ Alliance with IAC Properties.

•

DSG has signed a 293,705 SF lease in Carter Distribution Center with PGIM.

Pre-Leasing Activity Remains Strong

•

TYC Genera has renewed their 260,819 SF lease in 600 Freeport Parkway in Coppell with Duke Realty .

MARKET TRENDS

•

RumbleOn has signed a 257,117 SF lease in North Quarter 35 with M2G Ventures.

Increased Attention On Workforce •

Where are they coming from?

•

Better work environment (Ex. HVAC Warehouse)

HLC DEAL

TI Requests And Costs Continue To Increase

•

The continued expansion of E-Commerce fuels the increased demand for industrial space.

•

Williams Sonoma has signed a 234,100 SF lease in 2250 East Bardin Road with First Industrial.

•

Supply chain shortages are driving companies to reevaluate their inventory needs and now carry safety stock.

•

LinkEx Inc has signed a 200,172 SF lease in 3535 North Houston School Road off I-20 with Prologis.

•

The DFW Industrial market has returned to pre Covid normalcy with a massive tailwind.

•

•

The increase in tenant demand coupled with the influx of new capital has caused developers to scour the market for new land positions now stretching to new markets like Forney and Denton.

Pandion, Inc has signed a 196,987 SF prelease deal at the corner of 121 Business and West Vista Ridge Mall Drive in Lewisville with Prologis .

•

South Atlantic Packaging has signed a 154,191 SF lease in 3901 West Miller Road in Garland with First Industrial.

•

MyGift Enterprises has signed a 150,905 SF lease in Midway Logistics Park with Stream Realty Partners.

•

Infinite Electronics has signed a 144,998 SF lease in EastGroup’s 121 development located at 2300 East State Highway 121. This was a pre-lease deal.

•

Assa Abloy has signed a 138,402 SF lease in 1451 IH30 in Mesquite with Alpha Properties.

•

The Marketing Group has signed a 126,890 SF lease in 920 South Western Boulevard in Denton with James Campbell Company.

•

Shield AI has signed a 106,582 SF lease in 16240 Gateway Path in Frisco with Blue Star.

•

Pegasus has signed a 104,989 SF lease in Alliance Gateway with Blackstone Incorporated.

•

KidKraft has signed a 104,239 SF lease in 9015 Sterling Street in Irving with Brookfield.

•

Industrial development continues at a historic pace to match the demand caused by global supply chain constraints.

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

2,589,763

11,044,379

10,497,020

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

5.2%

5.2%

7.0%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

13,147,709

17,295,040

15,166,927

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

53,556,502

41,236,819

24,630,919

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

2,848,892

8,787,497

7,126,863

HLC DEAL

HLC DEAL

Q1 2022 DFW INDUSTRIAL MARKET REPORT 07

DFW INDUSTRIAL

Facts & Figures

OVERALL DFW

OVERALL VACANCY

8.0%

14,000,000

7.0%

12,000,000

6.0%

10,000,000

5.0%

OVERALL ABSORPTION

6.70%

OVERALL CONSTRUCTION 60,000,000

25,000,000

8.0% 7.0% 5.20%

6.4%

40,000,000

5.0%

4.9%

8,000,000

50,000,000

20,000,000

6.0%

15,000,000

4.0%

4.0% 6,000,000

3.0%

4,000,000

2.0% 1.0%

2,000,000

0.0%

0 Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

ABSORPTION

Q4 20

Q1 21

DELIVERIES

Q2 21

Q3 21

Q4 21

Q1 22

20,000,000

2.0% 5,000,000

1.0%

0.4%

0.3%

0.0% Q1 19

Q2 19

Q3 19

DIRECT

VACANCY

Q4 19

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Q2 21

SUBLET

EXISTING INVENTORY SUBMARKET

30,000,000

10,000,000

3.0%

Q3 21

Q4 21

Q1 22

Q1 19

TOTAL

10,000,000 0

0 Q2 19

Q3 19

Q4 19

Q1 20

TOTAL NET

Q2 20

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

Q4 21

Q1 19

Q1 22

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

DELIVERED

LEASING ACTIVITY

Q4 20

Q1 21

Q2 21

Q3 21

Q4 21

Q1 22

UNDER CONSTRUCTION

VACANCY

# BLDGS.

TOTAL RBA

DIRECT SF

TOTAL SF

VAC. %

YTD NET ABSORPTION

YTD DELIVERIES

UNDER CONSTRUCTION SF

YTD LEASING ACTIVITY

DFW Airport

660

88,091,151

2,031,483

2,550,104

2.9%

349,959

191,000

1,790,381

1,464,229

East Dallas

620

50,370,139

4,745,569

4,817,069

9.6%

27,670

145,303

3,990,577

165,240

Great SW/Arlington

1,130

119,350,077

3,960,301

4,436,560

3.7%

(538,179)

423,656

1,973,244

1,763,193

Henderson County

19

1,255,938

29,968

29,968

2.4%

0

0

0

0

North Fort Worth

780

121,562,698

9,868,960

10,078,960

8.3%

2,409,076

727,318

9,551,054

1,240,912

Northeast Dallas

1,566

118,206,171

5,244,570

5,532,209

4.7%

265,012

298,378

568,746

1,115,501

Northwest Dallas

1,392

114,979,171

3,710,833

4,227,396

3.7%

21,537

178,500

4,309,249

1,760,353

NW Dallas Outlying

30

2,367,311

31,950

31,950

1.3%

51,450

0

0

12,500

South Dallas

703

109,487,787

5,709,622

5,709,622

5.2%

(171,889)

884,737

25,548,438

2,588,929

South Fort Worth

1,480

88,635,536

6,278,307

6,280,107

7.1%

587,248

0

3,682,423

1,295,285

South Stemmons

2,073

116,356,598

4,315,033

4,720,307

4.1%

(412,121)

0

1,824,130

1,298,341

10,453

930,662,577

45,926,596

48,414,252

5.2%

2,589,763

2,848,892

53,238,242

12,704,483

TOTALS

SOURCE: COSTAR Q1 2022 INDUSTRIAL REPORT

08 Q1 2022 DFW INDUSTRIAL MARKET REPORT

SUBMARKET INTELLIGENCE

GSW/ARLINGTON

CURRENT EVENTS Per CoStar reporting, the Great southwest (GSW) industrial submarket concluded Q1 2022 slightly off pace. At the end of Q1, GSW reported negative absorption of 538,179 SF. Additionally, GSW reported 423,656 SF of new construction completions and a total of 1,973,244 SF of new projects under construction.

The Q1 2022 vacancy rate rose slightly to 3.32% versus 2.98% at YE 2021. This ranks GSW among the top of the major submarkets with the lowest vacancy rates.

Looking further into 2022, we expect the GSW market to remain one of the top performing submarkets as tenant demand continues to expand across the DFW market and the supply of large blocks of space in GSW tightens with limited opportunity for additional development.

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

538,179

417,671

676,151

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

3.7%

3.0%

5.5%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

1,763,193

1,980,157

1,692,848

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

1,973,244

1,712,060

935,990

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

423,656

-

-

TOP LEASE TRANSACTIONS

CANON SHOULTS

MADDY CANTY

Managing Principal cshoults@holtlunsford.com 972.280.8328

Market Associate mcanty@holtlunsford.com 972.280.8325

3,100,000

6.0% 2,100,000

5.0% 4.0%

1,100,000 3.0% 2.0%

100,000

1.0% 0.0%

(900,000) Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

ABSORPTION

Q3 20

Q4 20

Q1 21

Q2 21

DELIVERIES

Q3 21

Q4 21

Q1 22

VACANCY

NEW DEVELOPMENTS

•

Penske has renewed their 588,364 SF lease in 730 East Trinity Boulevard with ProLogis.

•

Remington I-30 Building 2 – a 416K SF spec development with Graff Interests

•

Williams Sonoma has signed a 234,100 SF lease in 2250 East Bardin Road with First Industrial.

•

•

Consolidated Electrical Distributors has signed a 79,735 SF lease in 908 113th Street with Link.

Cooper Commerce Center – Buildings 2 & 3 | 7007-7009 South Cooper Street – a 394,477 SF and 189K SF spec project with NorthPointe Development

•

•

Empire Today has renewed their 74,700 SF lease in 12051207 Post North Paddock Street with ProLogis.

1600 South Great Southwest Parkway – a 298,506 SF spec development with IDI

•

•

DEX Imaging has signed a 57,196 SF lease in 4751 South Collins Street with Jackson Shaw.

2900 Mayfield Road – a 182,693 SF spec development with Clarion

•

Bardin Crossing Building 2 – a 154,440 SF spec development with Ironwood Realty Partners / Cabot

•

Wildlife 8 | 2503 North Belt Line Road – a 147,960 SF spec development with Crow Holdings Industrial

•

732 Avenue R – a 114,400 SF spec development with Proterra Properties/Longpoint

DEALS IN THE MARKET

EXPERTS

VITAL STATS 7.0%

•

MDH Portfolio – MDH is selling an 898,720 SF five (5) building portfolio. Three (3) of the buildings are in the GSW/Arlington submarket.

•

GSW Strategic Portfolio – Pennybacker is selling a 445,497 SF three (3) building GSW portfolio.

•

AMZL – 2400 Centennial Drive – Oxford is selling a 186,344 SF single tenant building located in the GSW/Arlington submarket.

LARGE EXISTING VACANCIES •

3450 Roy Orr Boulevard – 507,984 SF

•

502 Fountain Parkway – 214,684 SF

•

4949 Amon Carter Boulevard – 211,780 SF

•

3405 Roy Orr Boulevard – 184,283 SF

SUBMARKET INTELLIGENCE

Q1 2022 DFW INDUSTRIAL MARKET REPORT 09

DFW AIRPORT

CURRENT EVENTS

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

349,959

1,320,480

3,884,243

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

2.9%

3.8%

6.3%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

1,464,229

1,002,391

2,061,174

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

1,790,381

1,981,381

1,465,662

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

191,000

425,000

1,685,400

TOP LEASE TRANSACTIONS •

Life Science Logistics has signed a 646,190 SF lease in 3150 State Highway 161 with Perot Development Company.

•

TYC Genera has renewed their 260,819 SF lease in 600 Freeport Parkway in Coppell with Duke Realty.

•

Pandion, Inc has signed a 196,987 SF prelease deal at the corner of 121 Business and West Vista Ridge Mall Drive in Lewisville with Prologis .

•

HLC DEAL

KidKraft has signed a 104,239 SF lease in 9015 Sterling Street in Irving with Brookfield.

NEW DEVELOPMENTS •

DFW Commerce Center – a nearly 2M SF project with CLX, set for completion in Q3 2022

•

Bison Grove Business Park – a 880K+ SF four (4) building project with Hines at Edmonds and Garden Ridge, set for completion in Q2 2022 with 480K SF preleased

•

DFW Park 161 - a 750,544 SF development at DFW Park 161 with Perot and Invesco, set for completion in Q2 2022

•

Freeport Commerce Center – a 328,175 SF two (2) building project with Alliance Industrial Company, set for completion in Q4 2022

•

Exchange Circle – a 315,463 SF two (2) building project with Brookfield off Freeport Parkway in Coppell, set for completion in Q2 2022

•

West Vista Ridge Mall Drive – a 196,987 SF development with Prologis in Lewisville. This development is 100% leased.

•

Oakbend – a 175K SF development with Prologis on Oakbend Drive in Lewisville, set for completion in Q2 2022.

This development is 100% leased.

VITAL STATS 10.0%

4,500,000

9.0%

4,000,000

8.0%

3,500,000

7.0%

3,000,000

6.0%

2,500,000

5.0%

2,000,000

4.0%

1,500,000

3.0% 2.0%

1,000,000

1.0%

500,000

0.0%

0 Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

Q3 20

ABSORPTION

Q4 20

Q1 21

DELIVERIES

Q2 21

Q3 21

Q4 21

Q1 22

VACANCY

•

MacArthur Business Park – a 152K SF two (2) shallow bay building project with frontage on Highway 121, set for completion in Q3 2022

•

Sandy Lake 121 – a 130,000 SF developement at 121 and Sandy Lake in Coppell with Marc Myers, set for completion in Q4 2022

HLC DEAL

LARGE EXISTING VACANCIES •

3150 State Highway 161 – 646,190 SF

•

801 Industrial Boulevard – 204,556 SF

•

204 Airline Drive – 147,174 SF

•

1225 N 28th Avenue – 100K SF

•

1650 Lakeside Parkway – 72,425 SF

The Dallas-Fort Worth (DFW) Airport industrial submarket closed 2021 with an all time low vacancy rate of 3.82%, which continued to drop to 2.95% by the end of Q1 2022. The vacancy rate continues to decrease as the submarket has seen a strong influx of leasing for big blocks of space in Passport Park and Perot/Invesco’s 161 as well as a flurry of leasing between 100K and 300K SF suites.

Rental rates remained strong and are expected to continue to grow throughout 2022. The bulk of warehouse rental rates are increasing into the mid $6.00 rate range depending on building age.

In the 50K–100K SF range for functional shallow bay product, we are seeing rates from $6.50 up to mid $8.00 depending on the finish level.

Rental abatements are still prevalent depending on renewal versus new deals and the size of the lease transaction. Tenant improvement costs remained high because of increasing construction costs.

DFW International Airport is ranked as one of the largest cargo airports in the country. It boasts a high proportion of newer buildings since 2000 and, as a result, the submarket has a high concentration of efficient product with clear heights and dock configurations suitable for modern distribution. The submarket consists of large big-box users including Amazon, Uline, PPG, Bed Bath & Beyond, Fresenius Medical, and many others.

EXPERTS ANDREW GILBERT

KEATON BRICE

Market Director agilbert@holtlunsford.com 972.280.8312

Market Associate kbrice@holtlunsford.com 972.421.1956

10 Q1 2022 DFW INDUSTRIAL MARKET REPORT

SUBMARKET INTELLIGENCE

NORTHEAST/EAST DALLAS

CURRENT EVENTS The Northeast/East Dallas submarket continues to be heavily sought after by tenants, developers, and the capital markets. With NE Dallas/Garland posting a 2.7% vacancy rate there is a clear need for additional space which sets the stage well for the new developments coming along the 635/Highway 80 corridor. All product types are experiencing rent growth at an unprecedented pace with rental rates rising as much as 30.0% from 1 year ago.

Big moves are being made with covered land plays in Garland, which will bring unprecedented land pricing to Garland. This is only made possible by the expected rent growth that is still to come. All eyes are on the new frontiers, such as Forney and Sunnyvale, and each are seeing good activity and are expected to produce new leasing activity in Q2 as the buildings are starting to deliver.

vs. Prev. Qtr

vs. 12 Mths Ago

27,670

544,064

1,085,515

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

7.0%

9.6%

4.0%

9.4%

6.0%

1,550,000

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

5.0%

1,300,000

165,240

1,167,248

543,996

U/C SF

vs. Prev. Qtr

Senior Vice President jbarnes@holtlunsford.com 972.280.8353

BLAKE TROIANI Market Associate btroiani@holtlunsford.com 972.265.0126

2,550,000

8.0%

2,300,000 2,050,000 1,800,000

1,050,000

4.0%

800,000 550,000

vs. 12 Mths Ago

2.0%

300,000

1.0%

3,990,577

6,611,432

1,728,487

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

145,303

297,720

545,597

TOP LEASE TRANSACTIONS

50,000 (200,000)

0.0%

(450,000) Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

ABSORPTION

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

DELIVERIES

Q4 21

Q1 22

VACANCY

•

1103 Gateway Boulevard – a 712,900 SF spec development in Forney with Hunt Southwest

•

Gateway Boulevard – a 621,874 SF spec cross dock in Forney with Van Trust

•

Mesquite 635 – 555,790 SF spec three (3) building project in Mesquite with LGE; 239,918 SF front load, 159,728 SF rear load and 156,144 SF rear load

•

South Atlantic Packaging has signed a 154,191 SF lease in 3901 W Miller Rd in Garland with First Industrial

•

Assa Abloy has signed a 138,402 SF lease in 1451 IH30 in Mesquite with Alpha Properties

•

1000bulbs.com has signed a 54,541 SF lease in 5590 S Buckner Blvd in Mesquite with Alpha Properties

•

•

Cole Kepro has signed a 51,555 SF lease in 11460 Hillguard in Garland with Prologis

East Dallas Commerce Center – a 373,322 SF spec development in Mesquite with IDI Logistics

•

•

Johnstone Supply has singed a 44,372 SF lease in 1465 IH 30 in Mesquite with Alpha Properties

Meadows Road – a 355,319 SF two (2) building project in Mesquite with Landmark Companies; 216K SF spec cross dock and 139,319 SF spec rear load

•

E Scyene Road – a 310,900 SF rear load BTS for Vehicle Accessories Group in Mesquite with Jackson Shaw

•

2614 Big Town – 211,112 SF spec cross dock in Mesquite with RMR Group

•

300 US Highway 80 – 202,104 SF spec rear load building in Sunnyvale with Langford Properties

•

DFW Premier Portfolio – Moxiebridge is selling a 764,255 SF fourteen (14) building DFW wide portfolio; five (5) buildings are located in Mesquite/Garland. The portfolio is 96% leased.

•

Garland Distribution Center – a 652,606 SF project on 48 acres in Garland. Leased by HLC.

•

IDI Logistics Portfolio – a 480K SF national portfolio at 3800 Leon Road in Garland

NEW DEVELOPMENTS

JOSH BARNES

9.0%

3.0%

DEALS IN THE MARKET

EXPERTS

VITAL STATS

Absorption

•

Clements/Highway 80 – a 1,029,110 SF two (2) building project in Forney with Exeter; 529,047

•

SF cross dock, 500,063 SF cross dock

•

Mesquite Airport Logistics Center – a 1,003,100 SF two (2) building spec project in Mesquite with Dalfen

•

East Scyene Road – a 918,173 SF two (2) building project in Mesquite with Urban Logistics Realty; 592,995 SF spec cross dock and 325,218 SF spec cross dock

• •

COMING SOON •

Akron Road – a 1,272,240 SF spec cross dock development in Forney with Seefried

•

Platform 80/20 – a 862,624 SF two (2) building spec project in Forney with Intrepid

•

Perimeter Road – a 297,628 SF two (2) building spec project in Garland with Core 5

•

Marquis Road – a 194,029 SF two (2) building spec project in Garland with Landry Commercial

LARGE EXISTING VACANCIES •

301 Apache Trail – 765,798 SF

•

951 South Town East Boulevard – 457,076 SF

11333 CR 212 – a 904,495 SF spec development in Forney with Stillwater Capital

•

100 Planters – 349,400 SF new building in Sunnyvale

Landmark Sunnyvale – a 787,047 SF two (2) building spec project in Mesquite with Landmark Companies

•

200 Planters – 294,320 SF new building in Sunnyvale

•

4401 Samuell – 143,801 SF

SUBMARKET INTELLIGENCE

Q1 2022 DFW INDUSTRIAL MARKET REPORT 11

FAR NORTHEAST DALLAS

CURRENT EVENTS VITAL STATS

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

265,012

1,205,969

300,684

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

4.7%

5.2%

7.9%

5.0%

700,000

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

4.0%

550,000

1,115,501

909,941

1,921,753

3.0%

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

2.0%

568,746

1,579,551

2,594,969

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

298,378

1,151,016

1,829,263

TOP LEASE TRANSACTIONS

8.0%

1,300,000 1,150,000

7.0%

1,000,000

6.0%

850,000

400,000 250,000 100,000

1.0%

(50,000)

0.0%

(200,000) Q1 19

Q2 19

Q3 19

Q4 19

ABSORPTION

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

DELIVERIES

Q2 21

Q3 21

Q4 21

Q1 22

VACANCY

•

•

Shield AI has signed a 106,582 SF lease in 16240 Gateway Path in Frisco with Blue Star

Plano Commerce Center | Phase II – a 300K SF three (3) building spec project with Provident Realty

•

•

Stryve Foods has signed a 70,928 SF lease in 16240 Gateway Path in Frisco with Blue Star

Star Business Park – a 277,700 SF two (2) building spec project with Blue Star

•

•

Heritage Pool Group has signed a 49,864 SF lease in 10550 John W Elliott in Frisco with GID

McKinney 121 – a 212,200 SF two (2) building project with East Group

•

•

Vivint has signed a 34,201 SF lease in 16440 Gateway Path in Frisco with Blue Star

McKinney Airport Commerce Center – a 194,760 SF two (2) building spec project with HLCI in McKinney

•

•

Network Value has signed a 33,610 SF lease in 16440 Gateway Path in Frisco with Blue Star

Central Circle Logistics Park – a 172,640 SF two (2) building spec project by Stonelake in McKinney

•

•

Beckett Media has signed a 100,069 SF lease in 2700 Summit Ave in Plano with Link

McKinney Trade Center | Phase 2 – a 171,400 SF spec development with ML Realty in McKinney

HLC DEAL

The Far Northeast Dallas submarket continues to be a highly sought after market given its proximity to exceptional population growth.

Leasing activity has remained strong through Q1 and is expected to continue with new tenant requirements coming to the market daily.

Richardson and Plano have led the charge with the highest net absorption for this quarter while also posting vacancy below 5%.

Functional warehouse spaces have become much harder to find in these pockets which sets the stage for the new developments that are getting started. Preleasing activity for these developments has been stronger than expected for smaller suite sizes which indicates that the “flight to quality” is real as tenants are compromising on timing and are willing to pay significantly higher rates. Due to this, rates are expected to continue to increase–even with record breaking deliveries expected over the next 12 months.

LARGE EXISTING VACANCIES DEALS IN THE MARKET • •

Star Commerce Center – a three (3) building 421,874 SF project in Frisco with Blue Star McKinney Airport Commerce Center – a two (2) building 231,119 SF project in McKinney with Stonemont

NEW DEVELOPMENTS • HLC DEAL

McKinney National | Phase 2 – a 481,158 SF three (3) building spec project with Transwestern Development in McKinney

•

Lookout Logistics Center – a 359,169 SF three (3) building spec project with Crow Holdings Industrial

•

McKinney Airport Trade Center | Phase 1 – a 320K SF three (3) building spec project with Greystar in McKinney

•

M-75 Commerce Center – a 304,085 SF spec development with CA in McKinney

•

350 Cypress Hill Drive (A) – 301,320 SF

•

915 Enterprise Boulevard – 195,743 SF

•

2161 Redbud Boulevard – 193,490 SF

•

4101 East Plano Parkway – 135K SF

•

1125 East Collins – 100,354 SF

COMING SOON •

Core5 Logistics Center at McKinney | Phase 3 – a 769,500 SF spec development with Core5 Logistics in McKinney

EXPERTS JOSH BARNES

BLAKE TROIANI

Senior Vice President jbarnes@holtlunsford.com 972.280.8353

Market Associate btroiani@holtlunsford.com 972.265.0126

12 Q1 2022 DFW INDUSTRIAL MARKET REPORT

SUBMARKET INTELLIGENCE

NORTHWEST DALLAS

CURRENT EVENTS Through Q1 2022, the northwest Dallas industrial submarket continues to be one of the strongest performing submarkets in DFW. Valwood continues to be a haven for building supplies companies as well as 3PL’s with its direct access to I-35. Billingsley, Longpoint, Panattoni, and TA Realty have leased their recent developments in Valwood.

The Metropolitan/Addison submarket is extremely tight from a vacancy standpoint as there are not any more available sites for development.

Lastly, as developers move north to track down sites in Denton and Sanger, Highway 121 is now centrally located in the DFW market and an extremely desirable location for users. The northwest Dallas submarket ended Q1 with a 3.75% vacancy rate and expect the vacancy to continue to decrease as Valwood and Metro are built out.

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

21,537

459,059

1,193,449

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

5.0%

3.7%

3.5%

5.3%

4.0%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

3.0% 2.0%

1,760,353

1,654,236

1,947,973

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

4,309,249

7,462,001

1,022,198

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

178,500

240,461

1,047,168

TOP LEASE TRANSACTIONS •

Infinite Electronics has signed a 144,998 SF lease in EastGroup’s 121 development located at 2300 East State Highway 121. This was a pre-lease deal.

•

The Marketing Group has signed a 126,890 SF lease in 920 South Western Boulevard in Denton with James Campbell Company.

HLC DEAL

•

Goodsmann Group has signed a 80,017 SF lease in 4430 Simonton Road in Farmers Branch.

•

Educational Products, Inc has signed a 75,793 SF lease in 1215 West Crosby Road in Carrollton with ML Realty Partners.

HLC DEAL

•

HLC DEAL

DGM Services has signed a 69,590 SF lease in 1545 Crescent Drive in Carrollton with TA Realty.

DEALS IN THE MARKET

EXPERTS ANDREW GILBERT

KEATON BRICE

Market Director agilbert@holtlunsford.com 972.280.8312

Market Associate kbrice@holtlunsford.com 972.421.1956

VITAL STATS 6.0%

•

DFW Premier Portfolio – Moxiebridge is selling a 764,255 SF fourteen (14) building DFW wide portfolio with approximately 230K SF located in the northwest Dallas submarket. The portfolio is 96% leased.

•

Valwood Core Portfolio – Old House Capital is selling a 122,822 SF two (2) building portfolio located in the Valwood Submarket.

1,600,000

1,200,000

800,000

400,000 1.0% 0.0%

0 Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

ABSORPTION

Q3 20

Q4 20

Q1 21

DELIVERIES

Q2 21

Q3 21

Q4 21

Q1 22

VACANCY

NEW DEVELOPMENTS •

Exeter Westpark II – a 1,424,200 SF two (2) building project with Exeter in Denton, set for completion in Q3 2022

•

Denton Crossing 1 and 2 – a 699K SF two (2) building project with Scannell in Denton, set for completion in Q3 2022

•

Urban District 35 – a 441K SF four (4) building project with Urban Logistics Realty in Denton, set for completion in Q4 2022

•

I-35 Convergence, Building 2 – a 227K SF development in Denton with Hunt Southwest, set for completion in Q4 2022

•

Live Oak Logistics Park – a 230K SF three (3) building shallow bay project with by Link located off of Highway 121, set for completion in Q1 2022

•

Jubilee Lane Development – a 175K SF two (2) building project with High Street in Lewisville

•

Creekview 121 | Buildings 9 and 10 – a 145K SF two (2) building shallow bay project with Eastgroup at Highway 121 frontage. This project has been preleased.

HLC DEAL

SUBMARKET INTELLIGENCE

Q1 2022 DFW INDUSTRIAL MARKET REPORT 13

SOUTH DALLAS Absorption

vs. Prev. Qtr

CURRENT EVENTS VITAL STATS

vs. 12 Mths Ago

171,889

717,514

1,904,042

14.0%

3,200,000

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

12.0%

2,700,000

5.2%

4.1%

6.2%

10.0%

2,200,000

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

8.0%

1,700,000

6.0%

1,200,000

4.0%

700,000

2.0%

200,000

2,588,929

1,894,725

632,457

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

25,548,438

18,202,083

6,604,281

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

884,737

1,084,484

-

TOP LEASE TRANSACTIONS

0.0%

(300,000) Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

ABSORPTION

Q2 20

Q3 20

Q4 20

Q1 21

DELIVERIES

Q2 21

Q3 21

Q4 21

Q1 22

VACANCY

NEW DEVELOPMENTS

•

Nike has signed a 1,039,360 SF lease in 1300 East Fulghum Road off I-45 with Logistics Property Co. (LPC).

•

Southport Parkway Buildings 1 & 2 – a 2,126,880 SF spec project with Xebec

•

Amazon has signed a 1,008,140 SF lease in 3199 Telephone Road south of I-20 with VanTrust.

•

3486 Cedardale Road – a 1,084,460 SF spec development with Trammell Crow

•

Quaker Oats has renewed their 518,241 SF lease in 1350 Chalk Hill Road off I-30 with Clarion.

•

PointSouth Building 1 – a 1,013,833 SF spec development with Majestic Realty

•

LinkEx Inc has signed a 200,172 SF lease in 3535 North Houston School Road off I-20 with Prologis.

•

I-20 @ Cedardale Road – a 1,013,075 SF development with Ares

•

Central Garden & Pet has renewed their 120K SF lease in 4038 Rock Quarry Road off I-30 with DWS-RREEF.

•

3800 Cedardale Road – a 998,640 SF spec development with Morgan Stanley/Trammell Crow

HLC DEAL

DEALS IN THE MARKET •

3001 Midpoint Drive – a 1,059,671 SF Design Build by Panattoni for DSV International (seller)

•

SouthPointe 20/35 – a 1,003,733 SF two (2) building project off I-20 by Barings (Seller) to KKR (Buyer)

•

TCC Altamoore – a 616,043 SF, three (3) building project off I-20 by National Partners (Seller) to KKR (Buyer)

•

I-45 Logistics Center – a 245,299 SF 100% leased to two tenants

The overall South Dallas industrial submarket as surveyed of I-30, I-20, & I-45 is 140M SF and is now 5.5% vacant which is 0.3% higher than reported in Q4 2021. In accordance with the area surveyed, CoStar is reporting negative (1,089,802 SF) Net Absorption for South Dallas in Q1 2022.

This shift is a result of construction outpacing absorption, a data point unheard of for some time. South Dallas has 24.1M SF under construction in the I-30, I-20, & I-45 corridors combined with another 16M in the pipeline. Of that construction, 22.6%, or 5.4 M SF, of the new construction is for Build-to-Suit or Design Build assignments. The remaining 77.4% or 18.7M SF under construction is speculative development.

For the past 12 months the South Dallas submarket of I-30, I-20, and I-45 averaged a single digit vacancy rate of 3.5%. However, many expect that single digit vacancy to rise again soon along Interstate 20 and Interstate 45 with another 16M SF pending under construction from various developers.

Please note: The area CoStar uses for the South Dallas Submarket differs slightly from the Submarket John covers. Numbers may vary.

LARGE EXISTING VACANCIES •

2900 West Drive – a 603,378 SF spec vacancy with AEW

•

4601 Langdon Road – a 488,780 SF vacancy with LINK (2nd generation)

•

2200 Danieldale Road – a 393K SF vacancy with CalSTRS (2nd generation space)

•

2800 Cedardale Road – a 343,250 SF spec vacancy with Cold Summit Dallas

EXPERTS JOHN GORMAN

CANON SHOULTS

Senior Vice President jgorman@holtlunsford.com 214.920.9800

Managing Principal cshoults@holtlunsford.com 972.280.8328

14 Q1 2022 DFW INDUSTRIAL MARKET REPORT

SUBMARKET INTELLIGENCE

SOUTH STEMMONS

CURRENT EVENTS The South Stemmons industrial submarket continues to be one of the strongest performing infill markets in the Dallas-Fort Worth Metroplex.

Leasing activity has remained healthy with the submarket reporting 1.6M SF of activity.

Vacancy was reported at 4.1% at the end of Q1 2022, which slightly increased from 3.7% in Q4 2021.

Rental rates and price per SF continue to rise, and landlords continue to capitalize on the submarket’s irreplicable infill location. Location has continued to outweigh functionality for tenants who benefit from the close proximity to Dallas CBD, the Medical District, and immediate access to thriving Dallas suburbs.

vs. Prev. Qtr

vs. 12 Mths Ago

412,121

1,400,347

686,540

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

4.1%

3.7%

5.4%

5.0%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

4.0%

1,668,872

2,880,191

2,117,208

3.0%

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

2.0%

2,142,390

-

1,053,240

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

-

-

-

TOP LEASE TRANSACTIONS

Market Associate mcanty@holtlunsford.com 972.280.8325

1,750,000 1,250,000 750,000 250,000 (250,000)

1.0% 0.0%

(750,000) Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

ABSORPTION

Q3 20

Q4 20

Q2 21

Q3 21

Q4 21

Q1 22

VACANCY

NEW DEVELOPMENTS

•

B2B Casuals has signed a 40K SF lease in 1314 Viceroy Drive with Stonelake.

•

Music & Arts has renewed their 30K SF lease in 4949 Sharp Street with AEW Capital.

•

4001 Irving Boulevard – 130K SF

•

Auto Pedia has signed a 29K SF lease in 9033 Premier Row.

•

2465 Joe Field Road – 128,877 SF

•

Zavate Inc has signed a 23K SF lease in 611 Mockingbird with Alpha Industrial.

•

811 Regal Row – 97,927 SF

•

3305 Manor Way – 68,300 SF

Loop 12 Central – a 267,560 SF two (2) building spec project with Jim Hendricks and Harlan Crow

Q1 21

DELIVERIES

Oro Verde Enterprises has signed a 57K SF lease in 119 Regal Row with Dogwood.

•

Managing Principal cshoults@holtlunsford.com 972.280.8328

2,250,000

6.0%

•

DEALS IN THE MARKET

MADDY CANTY

2,750,000

7.0%

Dry Farm Wines has signed a 60,425 SF lease in 1150-1166 Quaker Street with ML Realty.

HLC DEAL

CANON SHOULTS

8.0%

•

HLC DEAL

EXPERTS

VITAL STATS

Absorption

•

Core Logistics Center III | Building A & B – Building A totaling 69,256 SF and Building B totaling 110,986 SF with Crow Holdings Industrial

•

Loop 12 Logistic Center – One Building totaling 168,598 SF with Johnson Development

LARGE EXISTING VACANCIES

SUBMARKET INTELLIGENCE

Q1 2022 DFW INDUSTRIAL MARKET REPORT 15

NORTH FORT WORTH Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

2,409,076

941,325

751,257

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

8.3%

9.8%

11.6%

Leasing Act.

vs. Prev. Qtr

vs. 12 Mths Ago

1,240,912

2,480,124

3,116,027

U/C SF

vs. Prev. Qtr

vs. 12 Mths Ago

9,551,054

6,320,083

6,073,502

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

727,318

1,376,601

1,954,408

TOP LEASE TRANSACTIONS

CURRENT EVENTS VITAL STATS 14.0%

5,000,000

12.0%

4,000,000

10.0% 3,000,000

8.0% 6.0%

2,000,000

4.0% 1,000,000

2.0% 0.0%

0 Q1 19

Q2 19

Q3 19

Q4 19

ABSORPTION

Q1 20

Q2 20

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

DELIVERIES

Q4 21

Q1 22

VACANCY

•

•

Yusen Logistics has signed a 369,530 SF lease in Westport @ Alliance with IAC Properties.

Intermodal Logistics Center 3 – a 705K SF development with Northpoint Development

•

•

RumbleOn has signed a 257,117 SF lease in North Quarter 35 with M2G Ventures.

Westside 35 – an approximately 500K SF two (2) building front-load project with Crow Holdings Industrial

•

•

Pegasus has signed a 104,989 SF lease in Alliance Gateway with Blackstone Incorporated.

DFW Point 35 – a 485,680 SF two (2) building project with Stonemont

•

•

TSI has signed a 99,660 SF lease in Alliance Gateway 62 with Evergreen.

Champions Circle Business Park – a 361,040 SF three (3) building project with Hopewell

•

Basswood 35 – a 237,390 SF two (2) building project with EastGroup

•

Northmark Commerce Center – a 234,478 SF development with LGE and Crow Holdings Industrial

•

Port 156 Logistics Center – a 213,581 SF development with KBC/Stonemont

•

Mark IV Distribution Center – a 122,779 SF development with CL Realty

•

Air Commerce Logistics Center – a 114,400 SF development with Holt Lunsford Commercial Investments

DEALS IN THE MARKET •

Lone Star Commerce Center Phase II Land Sale – 36.4 Acres

•

Oxford Core Infill Portfolio – Fossil Creek Crossing Buildings 1-4

NEW DEVELOPMENTS •

Northlake 35 – a 2,155,680 SF four (4) building project with Texas Commercial Development

•

Mecham Commerce Center – a 1,311,911 SF four (4) building project that will kick off with a 334,751 SF cross-dock facility

•

Alliance Center East 1 – a 1,240,584 SF development with Hillwood

•

Cowtown Crossing – a 1,021,129 SF three (3) building project with TDC

HLC DEAL

•

114 Logistics Park – a 1,004,400 SF development with Logistics Property Company

•

Sylvania Crossing @ I-35 West – a 947,140 SF two (2) building project with Ironwood

HLC DEAL

HLC DEAL

The highs from 2021 have officially rolled into Q1 2022 in north Fort Worth. After setting an annual absorption record of 7.5M SF last year, the submarket has continued to trend positively with a Q1 posting of another 1.5M SF of absorption.

This keeps north Fort Worth in the top spot across all DFW submarkets.

Both bulk and shallow bay product types were beneficiaries of the Q1 activity, but, surprisingly, out of all of the executed leases, which comprise the 1.5M SF, none were greater than 400K SF in a single deal. In the midst of such great leasing activity, the vacancy rate rose slightly to 9.1%, which is strictly indicative of the continued construction pipeline. The submarket added another 1M SF in Q1 and currently has another 14M SF under construction.

LARGE EXISTING VACANCIES •

Speedway Logistics Crossing | Building 3 – 795,780 SF

•

Northlink | Building A – 754,473 SF

•

Mark IV Commerce Park | Building 1 – 581K SF

•

Highway 114 Distribution Center – 568,632 SF

•

Westport Parkway Logistics Center | Building 2 – 400,299 SF

EXPERTS GEORGE JENNINGS

MATT CARTHEY

Market Director gjennings@holtlunsford.com 817.632.6151

Managing Principal, Partner mcarthey@holtlunsford.com 817.710.1111

16 Q1 2022 DFW INDUSTRIAL MARKET REPORT

SUBMARKET INTELLIGENCE

SOUTH FORT WORTH

CURRENT EVENTS The south Fort Worth industrial submarket posted a Q1 2022 vacancy of 7.1%, a figure down from 7.68% in Q4 2021.This dip is a result of three larger deals totaling 502,919 SF landing at new construction in the first quarter. We expect to see this vacancy figure continue to decrease through Q2 2022 with another large wave of deals expected to land at new construction within the submarket during the coming months.

South Fort Worth as a whole continues to have solid leasing activity on all existing and new product.

In terms of future growth in the submarket, south Fort Worth’s next wave of speculative development is slated for delivery in Q2 2022 and Q3 2022. These projects include TCRG’s 178,880 SF rear load, Majestic’s 418,209 SF two (2) building project, and IDI’s 374,874 SF two (2) building shallow bay project. All of these developments already have panels tilted, roofs in place, and, in some cases, are pre-leased.

Absorption

vs. Prev. Qtr

vs. 12 Mths Ago

587,248

1,972,132

28,732

Vacancy

vs. Prev. Qtr

vs. 12 Mths Ago

7.1%

7.7%

Leasing Act. 1,295,285 U/C SF

3,250,000

7.0%

2,750,000

6.0%

2,250,000

7.0%

5.0%

1,750,000

vs. Prev. Qtr

vs. 12 Mths Ago

4.0%

1,250,000

2,213,810

843,093

3.0%

750,000

vs. 12 Mths Ago

2.0%

250,000

vs. Prev. Qtr

3,682,423

3,421,645

5,584,906

Delivered SF

vs. Prev. Qtr

vs. 12 Mths Ago

-

2,970,337

0

TOP LEASE TRANSACTIONS

MATT CARTHEY

Market Director tgrafton@holtlunsford.com 817.632.6152

Managing Principal, Partner mcarthey@holtlunsford.com 817.710.1111

-250,000

0.0%

-750,000 Q1 19

Q2 19

Q3 19

Q4 19

Q1 20

Q2 20

ABSORPTION

Q3 20

Q4 20

Q1 21

Q2 21

Q3 21

DELIVERIES

Q4 21

Q1 22

VACANCY

NEW DEVELOPMENTS

Saddle Creek has signed a 861,840 SF lease in South Fort Worth I-35 Logistics Centre with Clearview Investments, LLC.

•

HomeGoods Build-To-Suit – a 1,033,760 SF BTS for HomeGoods with Clarion and Crow Holdings Capital

•

Corrugated Supply Company has signed a 301,995 SF lease in 1101 Everman Parkway with Hollingsworth Companies.

•

•

DSG has signed a 293,705 SF lease in Carter Distribution Center with PGIM.

Southland Business Park Phase 2 – a 781,554 SF development part of a master planned park with Majestic Realty

•

•

Alcon has signed a 262,500 SF lease in 6440 Oak Grove Road with TA Realty.

Risinger Park South – a 655,500 SF building project with TCRG Properties

•

•

Imperial Bag & Paper Co. has signed a 106,122 SF lease in Southwest Crossing Logistics Center with Industrial Realty Group.

Southland Business Park Phase 1 – a 418,209 SF two (2) building project part of a master planned park with Majestic Realty

•

South Fort Worth Commerce Center – a 374,874 SF two (2) building shallow bay project with IDI Logistics

•

Misfits Market – a 353,970 SF BTS with Rob Riner Companies and TPA Realty

•

Everman Trade Center Building E – an 80,300 SF development with Cabot Properties

DEALS IN THE MARKET

THOMAS GRAFTON

1.0%

•

HLC DEAL

EXPERTS

VITAL STATS 8.0%

•

220 Heritage Parkway – a 459,868 SF building

•

Mansfield Urban Industrial park – a two (2) building portfolio totalling 232,092 SF

•

2101 FW 1187 – a 78K SF building

•

9001 South Freeway – a 70,269 SF building

•

2000 East Rosedale Street – a 61,691 SF building

HLC DEAL

HLC DEAL

LARGE EXISTING VACANCIES •

Fort Worth Logistics Hub | Building 1 – 670,914 SF

•

Everman Crossroads | Building 1 – 644,218 SF

•

Carter Park East | Building 1 – 549,780 SF

•

Carter Park Distribution | Building 2 – 262,500 SF

•

46 Ranch Logistics Park | Building 1 – 249,480 SF

DALLAS 5950 Berkshire Lane, Suite 900 Dallas, Texas 75225 T 972.241.8300 | F 972.241.7955

FORT WORTH 1200 Summit Avenue, Suite 300 Fort Worth, Texas 76102 T 817.710.1110 | F 817.810.9017

www.holtlunsford.com

HOUSTON 11451 Katy Freeway, Suite 300 Houston, Texas 77079 T 713.850.8500 | F 713.850.8550