The northwest corner of Loop 820 and U.S. 377 in Haltom City will soon be home to new industrial development, a Class A, 335,004-square-foot warehouse.
Scannell Properties, a privately owned real estate development and investment company based in Indianapolis but with a major presence in Dallas, is expected to break ground at the beginning of this month on 820 Crossing in the popular Meacham/Fossil Creek submarket.
The firm has awarded Stream Realty Partners, a national real estate services, development, and investment company, the leasing assignment for the industrial project expected to open in the first quarter of 2023. Stream Senior Vice Presidents Forrest Cook and Sarah Ozanne and Vice President Jeff Rein will oversee leasing of the facility.
“We are excited to kick off another Class-A industrial development project in DFW,” says Charles Knowlton, senior development associate at Scannell Properties, in a statement. “The strong in-fill location of 820 Crossing will be a great addition to our 2.8 million square feet currently under construction in the Metroplex.”
820 Crossing will feature 36-foot clear height, a rear-load configuration, 62 dock doors, two drive-in ramps, and a 185-foot truck court. Ninety-five dedicated trailer positions are available, with the ability to add 40 more. The project also offers 201 car parking spaces, early-suppression-fast-response sprinklers, and the ability to fully secure the property. Speculative office and warehouse improvements will accommodate tenants seeking quick occupancy.
The property is considered one of Dallas-Fort Worth’s most desired industrial markets, and sits approximately 8 miles from downtown Fort Worth, and roughly 14 miles from Dallas Fort Worth International Airport.
“Development in the Meacham/Fossil Creek area is extremely constrained due to land availability, and few sites remain for new construction,” Cook says. “Stream is thrilled to partner with highly regarded developer Scannell Properties on 820 Crossing.
“The building’s configuration, location, and amenities make us confident that this project will meet the needs of the surrounding tenant base and be a huge success for Scannell.”
Haltom City offers multiple incentives, including the Triple Freeport exemption. The entire Fort Worth area saw 18 million square feet of net absorption in 2021, according to officials.