Ridge Development Plans 47-acre Railhead Industrial Park In North Fort Worth, Texas
04/02/2015
The Railhead Industrial Park development is owned by a joint venture between Ridge Development and LaSalle Investment Management. Expected to break ground in second-quarter 2015, the first structure is a speculative building totaling 299,000 square feet estimated for completion by year-end. The second building is currently being marketed as a build-to-suit opportunity with a potential 343,000 square feet.
"We are excited to break ground on our first building in Railhead Industrial Park," said Kent Newsom, Executive Vice President of Ridge Development. "The planned speculative development has the capacity to provide tenants with dual-rail service and will be one of the only buildings in the Dallas-Fort Worth market providing such capability."
Railhead Industrial Park currently has the ability to provide service from the BNSF Railway and has additional capacity for secondary service from the Union Pacific Railroad. Planned for the southeast corner of North Main Street and East Industrial Road, the first building will offer flexibility for single- or multi-tenant usage with storage and distribution space from 75,000 square feet to 299,000 square feet.
"The low vacancy levels in buildings under 300,000 square feet coupled with the limited availability of rail-served product in Dallas-Fort Worth are leading drivers for Ridge to commence its speculative development," said Rob Dye, vice president of Ridge Development. "Provided the flurry of big-box development over the last few years, Ridge sees opportunity in smaller, infill product and has focused its attention to these types of developments."
Project Announcements
Certus Medical Expands Ingham County, Michigan, Operations
04/16/2024
Kalmbach Feeds Expands Wyandot County, Ohio, Operations
04/16/2024
Germany-Based Tesa Tape Relocates-Establishes Grand Rapids, Michigan, Headquarters
04/15/2024
FUJIFILM Diosynth Biotechnologies Expands Holly Springs, North Carolina, Operations
04/15/2024
Two Rivers Lumber Plans Coosa County, Alabama, Sawmill Operations
04/15/2024
Protomet Corporation Plans Rockwood, Tennessee, Operations
04/15/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024