Dec. 15--A developer is preparing to build an industrial complex in an area that is emerging as North Texas' newest distribution hub.
Industrial Works Investments will develop its 29-acre project in the Sunridge Business Park near Interstate 45 and Pleasant Run Road in Wilmer.
Construction will start after the first of the year on the first 520,000-square-foot distribution building in the I-45 Tradeport complex, the developer said Thursday.
IWI managing partner Stephen Sanders said in a statement that the development site benefits "from four intersecting interstate freeways for the transportation of goods between several of the major seaports and Mexico."
The project is also near Union Pacific Railroad's huge intermodal transportation center on I-45.
The first phase of IWI's $60 million project will be ready for tenants in late 2007. Cushman & Wakefield of Texas has been hired to market the project.
"I-45 Tradeport I is ideally suited for large distribution companies," said Cushman & Wakefield director Craig Hughes.
Gromatzky Dupree and Associates designed the new industrial project, and the general contractor will be Cadence McShane Corp.
Copyright (c) 2006, The Dallas Morning News Distributed by McClatchy-Tribune Business News.