One of North Texas’ largest industrial building owners and developers is eyeing a new project in Carrollton.
San Francisco-based Prologis already owns more than 200 Dallas-Fort Worth warehouses with almost 40 million square feet. And the large industrial building owner intends to build six more warehouse buildings in Carrollton, according to planning documents filed with the state.
Prologis’ corporate line belt center is planned on Belt Road east of Interstate 35E.
The developer purchased the more than 45-acre construction site last year from Halliburton Energy Services, according to county tax records.
Prologis aims to break ground on the first building in the new business park before the end of the year.
About 750,000 square feet of construction is planned in the project, which is valued at almost $50 million.
Meinhardt & Associates is the architect of the development.
Along with the new construction, Prologis is also expanding its property footprint in North Texas with a major merger pending. Prologis and Indianapolis-based Duke Realty agreed to the merger in June.
Duke owns more than 17 million square feet of D-FW industrial space across 45 properties.
The D-FW area is the fastest growing industrial building market in the country with more than 70 million square feet of projects in the development pipeline.