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Transactions - NOVEMBER 17, 2022

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Lovett Industrial breaks ground on 1.1msf project in Dallas-Fort Worth area

by Released

Lovett Industrial, a Houston-based real estate investment firm, broke ground on Innovation Ridge Logistics Park, a three-building class A industrial business park consisting of 1.1 million square feet located in Forney, Texas.

Located off U.S. Highway 80, Innovation Ridge Logistics Park will feature a diversified site plan, multiple points of ingress and egress, and a newly constructed four-lane road. In addition, the Park stands to benefit from close proximity to a strong labor force and immediate adjacency to retail and amenities.

It will consist of three speculative buildings: an 817,538-square-foot cross-dock facility, a 175,092-square-foot single-load facility and a 145,020-square-foot single-load facility. The 817,538-square-foot cross-dock facility will feature a 40-foot clear height, 8-inch reinforced concrete slab, 164 dock-high doors, 185-foot truck courts, and at least 166 trailer parks, tenant dependent. The two single-load buildings totaling 320,112 square

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