Cresa Represents ITS Logistics in 1,045,899 SF Lease in Dallas-Fort Worth
The location will serve as the third-party logistics company's first distribution center in Texas
Cresa, the world’s leading occupier-centric commercial real estate firm, represented ITS Logistics (ITS), in the lease of a 1,045,889-square-foot distribution center at Northpoint Development’s newest build-to-suit, Intermodal Logistics Center. Cresa Dallas’ team of advisors Brad Struck, SIOR, Clint Manning, and Darren Woodson represented ITS with Cresa industrial services partner, John Bollman.
The facility, which broke ground in August, will serve as ITS’ first Texas location and support the company’s efforts to offer national omnichannel distribution and fulfillment services to 95% of the U.S. population in a two-day timeframe. The new building will feature 40’ clear ceiling height, 200+ dock doors, and parking for 211+ trailers. It is expected to be completed in July 2023.
“We are proud to work with one of the fastest growing logistics companies, ITS, in its expansion efforts and to have led the site selection for their first location in Texas. It was crucial to identify a location, which would continue to accelerate growth, while also providing access to transportation and labor,” said Brad Struck, a managing principal with Cresa’s Dallas office. “Northpoint has been a great partner to work with to deliver that state-of-the-art facility in an ideal location.”
“The new Dallas-Fort Worth location is a key addition to our growing portfolio of leading-edge omnichannel fulfillment and distribution facilities, while also giving us an entry point to expand our regional drayage and truckload offerings,” said Ryan Martin, president of assets for ITS Logistics. “We can’t wait to be a valuable corporate partner to the Dallas-Fort Worth community and thank Cresa for their help in bringing us to the area.”
Designed with today’s tenant requirements in mind, Intermodal Logistics Center is a seven building, Class A industrial park serving the Dallas-Fort Worth Metro area and adjacent to BNSF’s Alliance Intermodal facility, FedEx and UPS regional hubs, Fort Worth Alliance Airport, and Interstate 35W. To date, three of the seven planned warehouse/distribution facilities have been completed.
Headquartered in Reno, Nev., ITS Logistics employs more than 900 team members across Nevada, California, Indiana, Washington, Oregon, Utah, Arizona, Ohio, Georgia, and Pennsylvania. For ITS, the new facility allows room for future expansion efforts in a desirable location with convenient access to the U.S. supply chain infrastructure, as well as labor market.
With this new lease, ITS’ U.S. distribution space now totals more than 3.0 million square feet.
About ITS Logistics
ITS Logistics is a premier Third-Party Logistics company that provides creative supply chain solutions with an asset-lite transportation division ranked #23 in North America, the #11 drayage and intermodal provider, a top-tier asset-based dedicated fleet ranked #39, and innovative omnichannel distribution and fulfillment services. With the highest level of service, unmatched industry experience and work ethic, and a laser focus on innovation and technology—our purpose is to improve the quality of life by delivering excellence in everything we do.
Cresa is the world's only global commercial real estate advisory firm that exclusively represents occupiers and specializes in the delivery of fully integrated real estate solutions. Our purpose is to think beyond space, strengthening those we serve and enhancing the quality of life for our clients. Delivered across every industry, Cresa's services include Transaction Management, Workplace Solutions, Project Management, Consulting, Lease Administration, Technology, Investment Banking & Capital Markets and Portfolio Solutions. In partnership with London-based Knight Frank, Cresa provides service through 16,000 people, across 380 offices in 51 territories. For more information, please visit cresa.com.