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Lovett Industrial, Rosewood Property Co. acquire 12 acres for 242,062 sf industrial business center in Addison, Texas
Transactions - DECEMBER 20, 2023

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Lovett Industrial, Rosewood Property Co. acquire 12 acres for 242,062 sf industrial business center in Addison, Texas

by RELEASED

Lovett Industrial and Rosewood Property Company acquired 12.2 acres in Addison, Texas, to develop Addison Innovation Center. The business center is expected to consist of 242,062 square feet across two class A industrial buildings.

Addison Innovation Center’s infill North Dallas location off Addison Road and Excel Parkway allows for access to the Dallas North Tollway and the President George Bush Turnpike as well as proximity to other major arterials including I-635 and I-35. The project is situated in the heart of North Dallas, close to executive housing, abundant labor and a dense amenity base.

Building 1, an existing 140,698-square-foot flex office building with 31-foot clear height, will be converted to a class A office/warehouse facility with dock-high loading capabilities. Building 2 will be a newly constructed 101,364-square-foot warehouse featuring class A specifications and dock-high loading capabilities. The design of the buildings allows for tenant suites

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