THREE BUILDING INDUSTRIAL DEVELOPMENT TOTALING 361,040 SF ANNOUNCED

 

Hopewell Development LP expands its North American industrial development platform to Dallas Fort-Worth

Hopewell Development LP (“Hopewell”) has purchased 21 acres of land in the booming Alliance Submarket as its first development site in the DFW Metroplex.  They have partnered with GTIS Partners LP (“GTIS”), a real estate investment and development firm based in New York, and have announced plans for the development of Champions Circle Business Park, a three-building Class A industrial park totaling 361,040 square feet. The development is strategically located in the Alliance Submarket off SH-114 with easy access to major interstate highways including I-35 and I-820.

Champions Circle’s strategic location within the Alliance submarket provides a growing population, strong skilled labor supply, and continued public investment to infrastructure.  Paired with exceptional access to copious amenities including retail, restaurants and entertainment. Anchored by the Fort Worth Alliance airport, Alliance is the nation’s largest inland port and provides access to world class transportation infrastructure that covers all ground, air and air needs.

Champions Circle will be comprised of three buildings totaling 361,040 square feet – two buildings will be 82,240 square feet and one building will be 196,560 square feet. The Class A industrial development will be one of the few properties in the area built after 2020 and uniquely caters to light industrial and warehouse users with its stand-out shallow bay design.  Future tenants will enjoy the easy access to Highway 114 and Interstate 35W and the abundant amenities nearby.

“Champions Circle is an exciting opportunity for Hopewell to enter the Alliance submarket, which is one of the most desirable areas in DFW.  The multi-tenant design is in-line with our US growth strategy and will be a unique offering to the submarket,” expressed Hopewell’s VP of US Industrial, Justin LeMaster.

Hopewell, headquartered in Calgary, Canada, embarks on its first project not only in DFW, but in Texas, with over 25 years of strong development experience throughout North America. Their expansive and successful portfolio includes industrial, flex office and retail experience.

Lee Associates Nathan Denton and Reid Bassinger represented Hopewell in the acquisition and will be the leasing agents for the project.  “From inception, the Hopewell team recognized the impact Champions Circle would have in the Alliance Submarket as a Class A industrial park development targeting shallow bay users as an ideal opportunity for their entrance to Texas and the Dallas/Fort Worth market,” explained Nathan Denton, SIOR, Principal at Lee & Associates Dallas/Fort Worth.

Dustin Volz, Stephen Bailey and Wells Waller of JLL arranged the JV partnership between Hopewell and GTIS.

For more information on leasing availability and site advantages, please contact Lee & Associates’ Nathan Denton, SIOR at ndenton@lee-associates.com or Reid Bassinger, SIOR at rbassinger@lee-associates.com.

For additional information on Hopewell Development, please visit their website at https://www.hopewelldevelopment.com/.