Lovett Industrial Begins Construction on 121 Logistics Park, a Two-Building Industrial Development in Coppell and Lewisville Texas

Audio By Carbonatix

COPPELL, Texas & LEWISVILLE, Texas--(BUSINESS WIRE)--Nov 26, 2024--

Lovett Industrial, a Houston-based real estate investment firm is excited to announce the recent groundbreaking of 121 Logistics Park, a 27-acre urban infill development consisting of 339,280 square feet across two Class A logistics facilities in Coppell and Lewisville, Texas.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241126678656/en/

121 Logistics Park Rendering provided by Meinhardt & Associates Architects

Located directly off State Highway 121, 121 Logistics Park offers immediate access to one of the major transportation arteries in the Dallas-Fort Worth area. The business park will offer above-standard specifications in both buildings. Building 1, a 257,591 square foot rear loader with a 36-foot clear height, 7-inch reinforced concrete slab, 49 dock-high doors, 185-foot truck court, and at least 67 trailer parks. Building 2 will be an 81,689 square-foot front loader offering a 32-foot clear height, 6-inch reinforced concrete slab, 18 dock doors, 130 -185-foot-deep truck court, and 12 trailer parks.

“With high barriers of entry, close proximity to executive housing, and ample blue-collar labor, the North DFW Airport submarket is considered not only to be one of the most desirable infill submarkets in the Dallas Fort Worth industrial market but one of the most desirable industrial submarkets in the United States,” said Bennett See, Dallas-Fort Worth Market Leader. “This opportunity became a reality through a fantastic partnership with the City of Coppell and the City of Lewisville, and we feel incredibly fortunate to be able to work with two great cities that shared our vision for this land.”

121 Logistics Park is expected to be completed in the third quarter of 2025 and will cater to tenants ranging from 85,000 SF to 339,000 square feet in size.

Marketing and leasing efforts for 121 Logistics Park will be exclusively handled by Adam Graham and Alex Wilson of Lee & Associates. Construction financing is being provided by Comerica Bank. Bob Moore Construction is the General Contractor, Meinhardt & Associates Architecture is the lead architect, and Kimley-Horn & Associates is serving as the project’s civil engineer.

121 Logistics Park is Lovett Industrial’s ninth industrial development in the greater Dallas-Fort Worth area. Other projects include Trinity West Phases I & II, Innovation Ridge Logistics Park, Wylie Business Center, Addison Innovation Center, Lovett 35 Logistics Park, Garland Innovation Center, and Texport Logistics Center. Together, these projects comprise over 5.4 million square feet of completed or under-construction product in Dallas-Fort Worth.

About Lovett Industrial:

Founded in 2020 and based in Houston, Texas, Lovett Industrial is a privately held vertically integrated logistics real estate investment platform that seeks to develop and acquire industrial real estate assets that are differentiated by their quality, location, and functionality. Currently active in over 15 markets across the United States, Lovett Industrial’s portfolio comprises approximately 17 million square feet of completed, acquired, and under-construction warehouses and over 10 million square feet of warehouses planned for future development. Lovett Industrial’s founders have combined over 60+ years of experience in the commercial and industrial real estate sectors. For more information, visit https://lovettindustrial.com/ and follow @Lovett_industrial on social media.

View source version on businesswire.com:https://www.businesswire.com/news/home/20241126678656/en/

CONTACT: Lily Aguilar

[email protected]

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: SUPPLY CHAIN MANAGEMENT ARCHITECTURE OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY OTHER TRANSPORT RETAIL AIR BUILDING SYSTEMS TRANSPORT REIT LOGISTICS/SUPPLY CHAIN MANAGEMENT

SOURCE: Lovett Industrial

Copyright Business Wire 2024.

PUB: 11/26/2024 04:00 PM/DISC: 11/26/2024 04:02 PM

http://www.businesswire.com/news/home/20241126678656/en