CA Industrial announced the groundbreaking of its 2700 Avenue K logistics and last-mile delivery facility in Grand Prairie, Texas.
The development is the product of a joint-venture partnership between CA Industrial and DWS Group and is anticipated to deliver in the second half of 2022.
“It’s great to further expand our partnership with a leading global asset management company like DWS through the groundbreaking of class-A facilities like 2700 Avenue K,” said Michael Podboy, president of CA Industrial. “Unparalleled demand and fundamentals in the industrial market persist following the onset of the COVID-19 pandemic and is expected continue over the next several years. The delivery of institutional-quality developments, like 2700 Avenue K, allow us to capitalize on this acceleration in e-commerce adoption and higher inventory levels while also uniquely catering to distribution and warehouse users with best-in-class build outs.
Located eight miles fro