Molto Properties, a leading privately held real estate company, is pleased to announce the pre-leasing of 75,123 square feet of warehouse and distribution space to R.I.M. Logistics at its GSW Commerce Center at 161 in Grand Prairie, TX. The pre-lease is the first in the overall development of two speculative industrial buildings totaling 465,195 square feet.
The GSW Commerce Center is a Class A+ logistics park located in DFW’s Great Southwest/Arlington (GSW) submarket, built to accommodate a variety of industrial user demands, including bulk distribution, shallow-bay, or office/showroom configurations. The industrial park offers versatile features, including 36-foot clear heights, 180 feet truck court aprons, ESFR sprinklers, dock high doors, grade level ramps, and a combined 116 trailer parking spaces and 410 standard parking spaces.
The park’s prime location is situated south of DFW airport, providing tenants with highly desirable visibility on President George Bush Tollway (PGBT) and convenient access to major transportation routes, including I-30, SH-183, and I-20.
R.I.M. Logistics, a global logistics service provider involved in freight brokerage, freight forwarding and warehousing and distribution will occupy the pre-leased space, adding to their extensive portfolio of over 1,000,000 square feet of warehouse space around the globe. R.I.M. Logistics’ expansion in the GSW Warehouse and Distribution market is a critical part of their mission to provide local support for its global customers.
Forshey Hoobler at KBC Advisors represented RIM in the lease transaction. CBRE’s Brian Gilchrist, Steve Koldyke, and Kacy Jones are overseeing the marketing and leasing of the business park on behalf of the developer, with building shell construction expected to be complete in January.
In addition to the GSW Commerce Center at 161, Molto Properties recently completed construction on a 400,565 square foot rear-load configured warehouse and distribution building located at 405 Westport Parkway in Haslet, TX. This facility, available for lease in the Ft. Worth-Alliance submarket, further expands Molto Properties’ presence in the DFW area.
About Molto Properties
Molto is a privately held real estate company that is built upon a foundation of respected industry leaders with expertise as both operators and developers of industrial properties. Since its founding in 2008, Molto has acquired or developed nearly 20 million square feet of industrial real estate valued in excess of $1.2 billion with a geographical focus on the Midwest, Texas and California.
For media inquiries, please contact: email@example.com