Colony Industrial has acquired just over 21 acres of land in northeast Dallas, in partnership with developer Huntington Industrial Partners.
Colony Industrial plans to develop two light industrial buildings totaling 355,071 square feet on adjacent parcels. Colony Industrial is the industrial platform of Colony Capital, a diversified global real estate investment firm with $44 billion of assets under management.
Construction is slated to begin in April and to be completed in late 2019.
The development will provide modern light industrial product in the heart of the Garland, Texas, industrial submarket. The property will offer dock high industrial space with 32-foot clear heights, cross-dock configurations and ample on-site trailer storage. The site is conveniently located with immediate proximity to I-635 via Miller Road and is close to downtown Dallas. A deep labor pool in the City of Garland is another advantage for tenants.
“The Marquis development
