DFW AIRPORT, Texas – January 29, 2015 – Officials from DFW International Airport, the city of Coppell, Texas, and joint venture developers Hillwood Investment Properties and Perot Development Company today cut the ribbon for Logistics Center I, the largest non-terminal ever built at the airport. The 1,053,365-square-foot, cross-dock facility, located at 2701 W. Bethel Rd. in Coppell, provides all of the elements desired for efficient global e-commerce distribution.
Logistics Center I is situated on 60 acres conveniently located not only near the airport, but also key transportation thoroughfares such as I-635, I-35E, I-35W, SH 114, SH 121 and the President George Bush Turnpike. It incorporates the latest design and technology to maximize the project size and functionality, with a minimum 36’ clear height, over 200 dock doors, 550 car parking positions and 500 trailer storage positions. It also offers features such as:
• 50’ by 56’ bays
• 60’ shipping bays
• ESFR fire protection system
• Fully secured site availability
• Triple freeport inventory tax exemption
• Foreign Trade Zone benefits
• Proximity to FedEx and UPS regional hubs
• Adjacent to USPS bulk mail center
• Proximity to air cargo areas and major freight forwarders at airport
The state-of-the-art facility is being built on a speculative basis and has generated strong interest in the marketplace. The developers also expect to break ground later this year on Logistics Center II, an adjacent facility that is planned for 1,015,560 square feet of cross-dock distribution space, on another 60 acres.
“The development of this facility at DFW Airport underscores the advantages our central location offers as a major hub of global logistics. Over the last four years, DFW has had tremendous growth in international air service, which is also very important for air cargo connections and for logistics companies serving the industry,” said Sean Donohue, CEO of DFW International Airport. “To serve these growing international routes with air cargo, we need facilities like this new logistics center to connect goods through DFW to the world.”
DFW International Airport is a strategic multi-modal hub for numerous global logistics companies and distribution/warehouse facilities, in part because of its strategic, central location and its global air cargo connections to key markets across Asia, Europe and the Americas. Logistics Center I and II are located in the airport’s Coppell Industrial District, which comprises approximately 160 gross acres just north of I-635, at the corner of Royal Ln. and W. Bethel Rd. The site has easy access and visibility from the freeways, with utility extensions to serve the site provided by the cities of Coppell and Grapevine.
“We are pleased to have Logistics Center I open its doors and look forward to welcoming a tenant soon to this impressive facility,” said Coppell Mayor Karen Hunt. “Projects such as this align strongly with Coppell’s vision of high-quality economic development that capitalizes on our proximity to DFW International Airport. Coppell is a business-friendly community that supports private sector investment by partnering with DFW Airport and Grapevine, ensuring that the North Texas region remains strong and a leader in global business.”
Dallas-based Hillwood Investment Properties and Perot Development Company developed the project as a joint venture. Halff Associates served as the project architect and civil engineer, and Hillwood Construction Services was the general contractor.
About Dallas/Fort Worth (DFW) International Airport
Located halfway between the cities of Dallas and Fort Worth, Texas, Dallas/Fort Worth International Airport (DFW) is the world's third busiest, hosting 1,850 flights a day and serving more than 62 million customers a year. DFW Airport provides nonstop service to 148 domestic and 55 international destinations. A major economic driver for the Dallas/Fort Worth region, DFW Airport generates about $32 billion in economic impact each year.
For the latest news, real-time flight information, parking availability or further details regarding the many services provided at DFW International Airport, visit www.DFWAirport.com or download the Official DFW Airport Mobile App for Apple iOS, Android or Blackberry devices.
About Hillwood Investment Properties
Hillwood Investment Properties, a Perot company, is one of the world’s premier industrial/logistics real estate developers and investors of high-quality properties that have a significant economic impact to their region. The company was created in 1998 as a vehicle for Hillwood to develop and acquire properties in locations outside the area of AllianceTexas, its flagship project in North Fort Worth. Hillwood has developed and acquired over 81 million square feet of industrial properties and currently has 14 million square feet under development throughout the United States, Canada and Europe.
For additional information about the company, please visit www.hillwoodinvestmentproperties.com or www.hillwood.com.
About Perot Development Company
Perot Development Company is a full service real estate company that is responsible for the construction/development, leasing and management of their facilities. Perot Development specializes in the development of air cargo and warehouse/distribution facilities at major airports in the U.S. Major developments include the Aviall headquarters, Dallas Airmotive Aircraft Engine Repair & Test Facility, Schenker Logistics/BAX Global logistics facility and Life Science Logistics distribution center, all at DFW International Airport, and the UPS regional gateway hub at Houston Intercontinental Airport. For more information, visit www.perotdevelopment.com.