USAA Real Estate and Seefried Industrial Properties have entered into a partnership to bring the East Gate Logistics Center to Forney.
According to PR Newswire, the 1,272,240-square-foot, modern Class-A distribution center will be the largest such development in the history of Dallas-Fort Worth, an area known for housing some of the strongest industrial markets in the country.
With Forney already being one of the fastest growing cities in the state, Texas has seen even more growth over the last two-years as the industrial base has rapidly stretched to include key logistics facilities for the likes of Goodyear, Amazon and other top-name companies. All the additions have catapulted Forney into being tabbed one of the fastest growing cities and school districts in Texas, and Kaufman County recently being named the third fastest growing county in America.
Touted as a facility that will “offer a cost-effective solution to large-scale ecommerce, distribution and manufacturing uses,” East Gate is also set to boast all the features of a state-of-the-art Class-A logistics facility, including a 40-foot clear height, on-site trailer queuing, abundant car and trailer parking and multi-tenant capability, and an ESFR sprinkler system.
Located just 20 minutes from downtown Dallas at the intersection of Highway 80 and Gateway Blvd., the project is slated to break ground in early 2022 and deliver in mid-2023.
Known as an industry leader in acquiring, developing financing and managing high quality real estate, USAA Real Estate boasts around $30 billion in assets under management and is home to 11 global offices.
Founded in 1984, Atlanta-based Seefried Properties specializes in the development, leasing and management of industrial properties in key markets across the U.S. Overall, the company leases and manages in the neighborhood of 40 million square feet for its institutional and European clients and has developed, or is in the process of developing, approximately 190 million square feet of space valued in excess of $15 billion across 50-plus markets.
The company also has regional offices based in Dallas, Chicago, Los Angeles and Phoenix.
