Construction of Garland Business Park begins

A Dallas developer is partnering with the city of Garland on a new business park.

Reserve Capital Partners is building its speculative industrial project on Jupiter and Miller roads. The project includes two buildings with nearly 200,000 square feet of space.

Work on the 11.5-acre industrial park is expected to be completed early next year.

“We are excited to bring additional Class A industrial space to the town of Garland,” Rachel McCready of Reserve Capital Partners said in a statement. “We value the community and fundamentals of this key D-FW industry market.”

SRS Industrial markets the development. Veritex Bank financed the project.

The project “will complement the city’s larger redevelopment efforts and our robust manufacturing sector,” Garland Economic Development Director Ayako Schuster said in a statement.

The developer received a fee rebate from the city to support the project.

Vitamin maker Cosmax NBT, Quest Windows, Ecolab, Sherwin-Williams and Kraft Foods have facilities in the same area as the new building.

Industrial vacancy in Garland is just 2.3%, according to the city.

Reserve Capital has a growing portfolio of office, industrial and retail properties in Texas, Florida, Missouri and Kansas. The company also has a warehouse project in Hutchins.

Dallas-Fort Worth is one of the fastest growing industrial construction markets in the nation, with approximately 70 million square feet under construction.

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