New 252,592 Sq. Ft. Lease Signed at GSW Commerce Center in Grand Prairie

Molto Properties recently leased 252,592 sq. ft. to an undisclosed tenant in its GSW Commerce Center at 161, a state-of-the-art, Class A+ industrial park in Grand Prairie, Texas. The newly acquired tenant will occupy the entirety of Building 1 in the two-building development for its newest distribution center in the DFW market.

Located at 3580 N. Hwy 161, the industrial park is situated in DFW’s highly desirable Great Southwest/Arlington (GSW) industrial submarket south of DFW airport. The location offers tenants highly desirable visibility on President George Bush Tollway (PGBT) and provides convenient access to major transportation routes in I-30, SH-183, and I-20 just minutes away.

“Leasing demand remains robust at GSW Commerce Center as prospective tenants seek prime infill locations with great highway access and first-in-class amenities,” said Ryan Lovell, Vice President at Molto.

Molto completed construction of GSW Commerce Center in Q1 2024, which consists of two rear load buildings totaling 465,195 sq. ft. The buildings feature 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 design and layout of the property includes three points of ingress and egress along Hwy 161 and two points along W. Rock Island Rd.

CBRE’s Kacy Jones, Brian Gilchrist and Steve Koldyke oversee the marketing and leasing of the business park on behalf of the developer, Molto Properties. “The GSW submarket continues to be one of the most sought-after areas for industrial users with a direct vacancy at 5.4%,” said Gilchrist, Executive Vice President with CBRE.

In addition to the newly leased Building 1, Molto Properties previously leased 75,123 SF of warehouse and distribution space to RIM Logistics in Building 2, where 137,480 SF remains available for lease.

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.