Westcore Breaks Ground on Dallas Industrial Project

1515 Corporate Crossing. Image courtesy of Stream Realty Partners

Westcore has broken ground on the 1515 Corporate Crossing industrial development in Rockwall, Texas. Stream Realty Partners will develop the project, planned on 43.2 acres and expected to have 301,120 square feet of divisible, Class A warehouse space. Stream Realty Partners will also oversee leasing activities.

The property will feature 32-foot clear height, a divisible rear load configuration, a total of 68 dock doors and the ability to fully secure truck courts. A total of 309 parking spaces, as well as 62 trailer parking spaces will also be available. The parking spaces can be expanded based on tenant needs.

Located at 1515 Corporate Crossing, the property is just south of I-30, in the northeastern side of Dallas. The area, according to prepared remarks by Stream Managing Director Matt Dornak, is experiencing a strong demand from tenants needing 35,000 to 300,000 square feet, a wide size range with a limited supply. According to the latest CommercialEdge report, the Dallas-Fort Worth supply pipeline is very strong, with 38 million square feet under construction as of March.

A long-standing partnership

Westcore has utilized Stream Realty’s leasing sevices on multiple projects in Dallas and Denver over the last few years. This current project is expanding the partnership, making use of Stream’s Industrial Development Services division.

According to CommercialEdge data, Westcore currently owns more than 90 properties across the U.S., totaling more than 15 million square feet. Only 10 percent of the portfolio is currently tenant-free. In January, the company bought the 405,000-square-foot Halsey Business Park in Gresham, Ore., for $54.1. million.