One of Texas’ largest speculative industrial buildings has broken ground in Wilmer within the South Dallas industrial submarket, boasting more than 1.35 million square feet of warehouse space.
Tradepoint 45 West, located at 1200 N. Sunrise Road in Wilmer, will offer 1,351,372 square feet under one roof, providing regional access to the State of Texas and central region of the country. The development is strategically located at the tip of the Texas Triangle, providing three-hour truck access to the Dallas-Fort Worth and Austin-San Antonio regions, which account for 66 percent of the state’s population.
Champion Partners is the developer of this large-scale project in partnership with Cresset Partners, a Chicago-based investment and asset management firm with over $27 billion under management. Tradepoint 45 West will deliver in the 3rd quarter of 2023. Champion and Cresset have engaged Stream Realty Partners to provide leasing services for the project.
“We are proud to partner with the City of Wilmer and Champion Partners on the construction of Tradepoint 45 West. This project will fill a critical need for large users looking to locate in South Dallas to quickly access the DFW Metroplex and the greater Texas marketplace,” stated Dominic DeRose of Cresset Partners in a statement.
Thanks to accelerating e-commerce trends and an attractive location along Interstate 45 near Interstate 20, the City of Wilmer has experienced significant new industrial property growth the past few years, including 13 new “big-box” buildings aggregating over 10 million square feet. Tradepoint 45 West is the largest of these buildings, with state-of-the-art features that include 40-foot clear heights, 237 dock doors, 354 truck trailer parking stalls, and 306 employee parking spaces.
“We are thrilled about the ongoing partnership with Tradepoint 45 West, and we are proud to celebrate the groundbreaking of this new development. This is a great win for Wilmer as this project will continue to further strengthen our region and impact development statewide,” said Sheila Petta, Mayor of the City of Wilmer. “Our great City is one of the fastest growing within Southern Dallas County, and we continue thriving with growth. Our labor base, location, and regional proximity continue to remain as our strong points.”
Tradepoint 45 West is located in the heart of the International Inland Port of Dallas (IIPOD). IIPOD is a hub of the nation’s logistics transportation infrastructure composed of an intermodal and logistics district. Accessible by Interstates 45, 20, and 35 and Loop 9, the property is 2.3 miles from the Union Pacific Dallas Intermodal Terminal. The strategic location gives the development fast access to Loop 9, which is currently under construction, acting as the southern connector between Interstate 45 and Interstate 35. Downtown Dallas is 15 miles away.
“We were very fortunate to acquire this unique 95-acre property in the heart of the Inland Port area of South Dallas,” stated Champion Co-Managing Partner Steve Modory. “And thanks to prior very positive experiences working with the City of Wilmer, we felt confident pursuing a speculative project of this scale – it is the largest speculative building, not just in Wilmer and South Dallas, but within the larger DFW Metroplex.”
Many of North America’s most notable companies have distribution hubs in Wilmer including Proctor & Gamble, FedEx, NFI, Medline Industries, Crate & Barrel, Unilever, Yokohama, Nike, Ace Hardware, Makita, Sprouts, Smucker’s, and Amazon.
“Stream could not be more excited to partner with Champion and Cresset on Tradepoint 45 West,” said Matt Dornak of Stream, a national real estate services, development, and investment firm headquartered in Dallas. “The project’s access, amenity base, and scale make it the premier single-building industrial development in the DFW Metroplex and the future home to one of the largest tenants in Texas.”
Dornak, Senior Vice President Luke Davis, and Senior Associate Ridley Culp will provide leasing services at the development.