Velocis has closed on two development sites that will be developed into 850,000 square feet of class A industrial space in the South Dallas and GSW submarkets of the Dallas–Fort Worth metroplex.
Velocis partnered with Sumitomo Corporation of Americas on these investments. These are the first of several industrial investments Velocis plans to pursue with the wholly owned subsidiary of Tokyo-based Sumitomo Corp.
“The demand for industrial real estate, especially in Texas metro areas like Dallas–Fort Worth, is at an all-time high right now,” said Paul Smith, Velocis partner. “We consider these first two transactions to be the first of many industrial investments with our client, as we continue to evaluate opportunities locally and on a national level.”
Dallas-based Velocis has been active in real estate since 2010, purchasing 35 assets located in major markets within Arizona, Colorado, Florida, Georgia, North Carolina, Tennessee, Texas, Virginia and the
