Dallas developers are working on plans for a new business park at the south end of Dallas/Fort Worth Airport.
Bandera Ventures has leased more than 86 acres from DFW Airport on Texas 183.
The office and industrial builder plans to construct a five-building, 1.4 million square foot industrial complex on the property, according to filings with the airport board.
The proposed Gateway Logistics Center buildings will be the first constructed in a new development on the south side of the airport.
“Bandera Ventures is an industrial development company with a 14-year track record of success in portfolio strategy, investment management, asset Management, investment sales, leasing, acquisitions, dispositions and development,” the airport board filing says. “Bandera Ventures has successfully developed several industrial developments at DFW Airport, including build-to-suit projects for Dallas Cowboys Merchandising, CTI (Sikorsky Helicopter– and the speculative building in International Commerce Park that currently houses Pratt & Whitney and Arizona Tile.”
Bandera Ventures leased the land for the buildings from the airport for 40 years.
The planned buildings will range in size from 211,000 square feet to 374,400.
O’Brien Architects designed the business park.
Bandera officials declined to discuss details of the project.
North Texas has been one of the fastest-growing distribution and warehouse markets in the country during the last few years.
Net leasing for industrial buildings in Dallas-Fort Worth has totaled more than 12 million square feet so far this year. The largest have been in the area south of DFW Airport.