A Pennsylvania-based commercial real estate firm has purchased land near Dallas/Fort Worth International Airport for construction of an industrial building project.
Liberty Property Trust bought 43 acres at Valley View Lane and Frye Road south of D/FW Airport.
Liberty said it has the potential to build 750,000 square feet of industrial space on the property.
“This is a great time to enter the Southwest market and this parcel offers excellent accessibility,” said Mike Heise, vice president and city manager for Liberty’s Dallas region. “The market is strong and the acquisition provides a new platform for development.”
Liberty owns more than 1.86 million square feet of industrial space in the Dallas area.
Based in Malvern, Penn., Liberty has 105 million square feet of office, distribution and light manufacturing properties in the U.S. and Britain.