California Developer Plans Farmers Branch Industrial Project
Panattoni Development will build the project near Interstate 35E.
A California-based industrial builder has purchased land in Farmers Branch for a new project. Panattoni Development plans to build a 159,405-square-foot speculative industrial building on the 8.4-acre site at 1701 Valley View Lane. The property was purchased from Centurion American Development Group, which is developing the Mercer Crossing community.
Biel Partners Commercial Real Estate arranged the sale to Panattoni Development. “The continued job growth and ongoing relocations to North Texas is severely limiting the supply of infill sites available for development,” Alex Perry, an associate of Addison-based Biel Partners, said in a statement. “This transaction was an excellent one for Panattoni, and will provide an ideal location for supply chain and warehouse tenants, when the facility delivers...”
