Boston, MA – June 12, 2018
GID announced today the formation of a joint venture partnership with the Jackson-Shaw Company to develop Parc NorthEast, a four building light industrial property located in northeast Dallas-Fort Worth in Richardson, Texas. Construction is set to commence the second quarter of 2018 and be completed by the second quarter of 2019. This joint venture is the fourth in Dallas-Fort Worth and the seventh overall between GID and the Jackson-Shaw Company.
The property, located off Telecom Parkway in Richardson and three miles east of CityLine, will consist of four Class-A light industrial buildings totaling 434,640 square feet. The buildings will feature rear and front-load configurations, 28 foot clear heights, 160 to 225 foot building depths, and abundant car parking.
Gary Kroll, Senior Vice President and Director of Central Region Acquisitions at GID commented, “GID is pleased to begin construction on one of the first modern, multi-tenant industrial projects within Richardson in quite some time. The state-of-the-art buildings are designed to provide tenants functional and efficient industrial space within a unique business park setting. Additionally, we are excited to expand our relationship with the Jackson-Shaw Company and GID’s industrial presence in the Dallas-Fort Worth market.”