Lovett Industrial Breaks Ground on DFW Logistics Park
The project is scheduled for completion next year.
Lovett Industrial is expanding its portfolio in the Dallas-Fort Worth area with the development of 121 Logistics Park, a two-building Class A logistics park with 339,280 square feet of space spanning 27 acres in Coppell and Lewisville, Texas.
The firm recently broke ground on 121 Logistics Park and expects completion in the third quarter of 2025. Located in the North DFW Airport submarket, it will be aimed at tenants seeking 85,000 to 339,000 square feet of space.
The urban infill development is located directly off State Highway 121 and will offer immediate access to one of the main transportation arteries in the Dallas-Fort Worth region. Building 1 will be a rear-load 257,591-square-foot facility with a 36-foot clear height, 7-inch reinforced concrete slab, 49 dock-high doors, 185-foot truck court and at least 67 trailer parks. Building 2 will be an 81,689-square-foot front-load asset with a 32-foot clear height, 6-inch reinforced concrete slab, 18 dock doors, 130- to 185-foot-deep truck court and 12 trailer parks.
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The North Dallas submarket is one of the most desirable submarkets in the DFW industrial market and the country due to its high barriers of entry, close proximity to executive housing and ample blue-collar labor force, according to a company statement.
Lovett Industrial has a partnership with the city of Coppell and city of Lewisville to create the industrial park on land spanning both communities. Construction financing is being provided by Comerica Bank.
Marketing and leasing for 121 Logistics Park will be handled exclusively by Adam Graham and Alex Wilson of Lee & Associates. Bob Moore Construction is the general contractor. Meinhardt & Associates Architecture is the lead architect and Kimley-Horn & Associates is the project civil engineer.
Growing industrial portfolio
121 Logistics Park will be the ninth industrial development for the privately held logistics real estate firm in the Dallas-Fort Worth area. Other projects include Trinity West Phases I & II, Innovation Ridge Logistics Park, Wylie Business Center, Addison Innovation Center, Lovett 35 Logistics Park, Garland Innovation Center and Texport Logistics Center. The projects total more than 5.4 million square feet of completed properties or assets that are under construction in the region.
Lovett Industrial’s national portfolio comprises approximately 17 million square feet of completed, acquired and under-construction warehouses and more than 10 million square feet of warehouses planned for future development.
In addition to Texas, the firm has been busy in several markets across the U.S. in recent months. In October, Lovett Industrial broke ground on Highway 1 Commerce Center, a 176,105-square-foot speculative development in Philadelphia. The project, slated for delivery in the third quarter of 2025, will be focused on the need for Class A last-mile space near major highways. The 14.5-acre site has direct access to downtown Philadelphia and the broader market via Highway 1 and the Pennsylvania Turnpike and is also close to Interstate 95.
The firm has also been developing industrial assets in several Western states. In July, Lovett Industrial announced plans to develop Schaefer Logistics Center, a 298,000-square-foot property in the Inland Empire West submarket. The Chino, Calif., project is slated for completion at the end of 2025.
In August, Lovett Industrial completed construction of Broadway Logistics Center, a 201,329-square-foot Class A rear-load building in Denver. The firm had broken ground on the speculative project in 2022.
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