Key Takeaways
- • GTIS Partners LP, managing $4.7 billion in gross assets, acquired a 26-acre industrial site in the Great Southwest (GSW) submarket of Dallas-Fort Worth to develop a 442,000 square-foot Class A cross-dock facility known as Remington 30.
- • The facility targets the bulk industrial segment (250,000–500,000 SF), where eight similar buildings delivered between 2018–2023 achieved 0% vacancy and demonstrated positive net absorption over the past 12 months.
- • The GSW submarket presents high barriers to entry due to limited developable land, wetlands constraints, and a restricted construction pipeline, positioning Remington 30 as new supply in a supply-constrained market.
- • Strategic location south of Dallas-Fort Worth Airport with direct access to I-30 and President George Bush Turnpike (PGBT) Toll Road provides connectivity to major labor markets and attracts institutional tenants including FedEx, PepsiCo, Office Depot, Penske, and GE Appliances.
- • GTIS will develop the facility in-house with flexible demising options to accommodate prospective tenants, leveraging its residential and industrial investment expertise across its diversified real estate portfolio.
Summary
GTIS Partners LP announced the acquisition of a 26-acre industrial site in the Great Southwest submarket of Dallas-Fort Worth, expanding its industrial footprint in one of the region's most strategically constrained markets. The firm, which manages $4.7 billion in gross assets and maintains a focus on residential and industrial real estate investments, plans to develop the property as Remington 30, an approximately 442,000 square-foot Class A cross-dock facility designed to serve the bulk industrial leasing segment.
The GSW submarket represents a compelling investment opportunity characterized by limited land availability due to its age, presence of wetlands, and restricted new construction pipeline. These supply-side constraints have created strong market dynamics, evidenced by eight bulk buildings (250,000–500,000 SF) delivered between 2018 and 2023 that collectively represent 2.8 million square feet with zero percent vacancy. The bulk segment has outperformed the broader submarket over the past 12 months with positive net absorption, indicating sustained tenant demand for newer, institutional-quality product.
Remington 30's location provides significant logistics advantages, positioned south of Dallas-Fort Worth Airport with direct access to I-30, a primary east-west corridor connecting Dallas and Fort Worth, and the President George Bush Turnpike (PGBT), a major north-south artery serving northeast residential markets. The site's proximity to strong labor pools and established institutional users—including FedEx, PepsiCo, Office Depot, Penske, and GE Appliances—reinforces its competitive positioning within the submarket. GTIS will develop the facility in-house with flexible demising capabilities to accommodate varying tenant requirements, leveraging the firm's operational expertise in industrial and residential real estate development and management.
The GSW submarket represents a compelling investment opportunity characterized by limited land availability due to its age, presence of wetlands, and restricted new construction pipeline. These supply-side constraints have created strong market dynamics, evidenced by eight bulk buildings (250,000–500,000 SF) delivered between 2018 and 2023 that collectively represent 2.8 million square feet with zero percent vacancy. The bulk segment has outperformed the broader submarket over the past 12 months with positive net absorption, indicating sustained tenant demand for newer, institutional-quality product.
Remington 30's location provides significant logistics advantages, positioned south of Dallas-Fort Worth Airport with direct access to I-30, a primary east-west corridor connecting Dallas and Fort Worth, and the President George Bush Turnpike (PGBT), a major north-south artery serving northeast residential markets. The site's proximity to strong labor pools and established institutional users—including FedEx, PepsiCo, Office Depot, Penske, and GE Appliances—reinforces its competitive positioning within the submarket. GTIS will develop the facility in-house with flexible demising capabilities to accommodate varying tenant requirements, leveraging the firm's operational expertise in industrial and residential real estate development and management.
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