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California buyer acquires Dallas land for industrial project

​​​​DALLAS – ​California-based CT Realty has purchased 18.4​ acres in the South Stemmons​​ submarket for the development of a $40 million industrial project.

Called Stadium Logistics Center, the 329,402-sf project ​​​is along​​ US 183 just west of I-35. It will have 36-ft clear heights and a front-park/rear-load configuration. 

Avison represented the seller, NCH Corp., in the land deal. JLL represented CT Realty and will market the project for lease. ​

Pross Design Group is the architect and Talley Riggins Construction Group is the general contractor. ​​​California Bank & Trust provided construction financing.

Work starts this month. The project will deliver in September 2021.

Texas logoThe Real Estate Center has more on DFW’s industrial market:

Source: REBusiness Online

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