Developers are ready to break ground north of Fort Worth on a huge new business park.

The Northlake 35 Logistics Park is planned on Interstate 35W in Northlake and will include more than 2.6 million square feet of distribution and warehouse space.

The $175 million, six-building industrial project is a partnership among Texas Commercial Development LLC, Clarion Partners and landowner NL35 LP.

The 249-acre business park will be near the northwest corner of I-35W and Dale Earnhardt Way, near the Texas Motor Speedway.

“Our original intent was to hold as a long-term investment and wait on the market and utility infrastructure to come to us,” Doug Johnson, manager of land owner NL 35 LLC, said in an email. “A number of variables including COVID, e-commerce, re-shoring and supply chain disruptions accelerated growth in the logistics market. It’ll be a flagship park for Clarion.”

Dallas-Fort Worth is the country’s fastest-growing industrial building market with more than 30 million square feet of development underway.

The new buildings will range in size from 172,620 square feet to more than 1 million square feet.

Clarion Partners has invested in numerous Dallas-Fort Worth industrial projects and has partnered with developers to build warehouses in North Texas.

“Demand for U.S. logistics real estate continues to reach record highs, and the D-FW region is playing a critical role in helping to meet that demand,” Clarion Partners acquisitions vice president Payson MacWilliam said in a statement.

Clarion Partners is based in New York and has more than $63 billion in real estate projects it manages. Clarion has more than 700 warehouse and logistics assets in more than two dozen U.S. markets.

Alliance Architects designed the Northlake 35 Logistics Park and Raymond Construction Co. is the general contractor. Nathan Lawrence and Krista Raymond with CBRE are marketing the development to tenants.

The Northlake 35 Logistics Park will have six buildings.(Texas Commercial Development LLC )
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