Large Land Sale Near I-45 Will Bring Major Industrial Development

A big land buy south of Dallas has set the stage for a major industrial development.Developer Mike Rader - one of the biggest players in the booming industrial market in southern Dallas County - purchased 255 acres west of Interstate 45 in Lancaster.Rader plans to use the land on Pleasant Run Road for a new business park."We can build 4.5 million square feet of buildings on the property," Rader said. "We've already laid out a 1.5 million square-foot building."I've got a couple of parties looking at it," he said. "Southern Dallas County has become an attractive location for companies desiring to serve the rapidly growing Dallas-Fort Worth area."Rader is developing almost 4,000 acres of industrial land in the I-45 corridor near Union Pacific Railways' intermodal shipping terminal.His Lancaster purchase is one of the largest recent industrial land deals in that area, said Chris Teesdale with Colliers International Group Inc. Teesdale brokered the sale of the land along with Colliers' Tom Pearson.The property was sold by First United Bank, formerly American Bank of Texas, which acquired the property through foreclosure during the recession."It's really a good-sized property," Teesdale said. "Almost every major warehouse deal in our market looks down there."The developers are trying to be positioned well to take advantage."Rader is already developing the Prime Pointe industrial park on the west side of I-45 and the Sunridge Business Park in Wilmer.Prime Pointe is a rail-served industrial park that serves companies including Shippers Warehouse and Biagi Brothers.Rader said the new Lancaster business park will focus on companies that don't require railway service."I've watched this piece of property for a long time," he said. "It's amazing the amount of interest in this corridor driven by the logistics."Rader said he's focused on attracting more manufacturing companies to the area, too.Southern Dallas County is one of North Texas' biggest warehouse and distribution markets, with major companies including Amazon, Quaker Foods, BMW, Ace Hardware and Procter & Gamble.  Continue reading...

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