Core5 Industrial Partners Leases 416,891 Square Feet to VMInnovations in Core5 Logistics Center at Wintergreen in South Dallas Market
June 18, 2018 – Core5 Industrial Partners announced today a 416,891-square-foot lease in their Core5 Logistics Center at Wintergreen location in South Dallas to VMInnovations, an online retailer that sells a variety of brand-name products in categories including baby and kids, home and garden, sports and outdoors, and electronics. The company’s new South Dallas location will provide order fulfillment to locations across the South.
Core5 Logistics Center at Wintergreen is located on a 43-acre site in Hutchins, Texas ½ mile from the intersection of Wintergreen Road and I-45. The 754,897-square-foot building has 337,406 square feet remaining available for lease. The VMInnovations lease is the first Core5 lease in the Dallas market.
“With immediate gateway access to north and south bound travel, the site has excellent access to the DFW metro’s major thoroughfares I-45, I-20 and I-35E which are used for both local and regional distribution,” states John Leinbaugh, Vice President Investments for Core5.
The configuration of the Core5 Logistics at Wintergreen building features 36-foot clear ceiling height and will accommodate parking for over 211 trailers and 360 auto parking spaces. “The site is perfectly situated for VMInnovations to efficiently service customers in the southern network with the Union Pacific Intermodal 1 ½ miles away and the second largest FedEx Ground facility in the US 2 ¾ miles away,” acknowledged James Gaddy, Senior Vice President and Managing Director for Core5.
“Our direct-to-consumer deliveries and the built-in nearby delivery services network will significantly benefit from the site location,” offers Zach Knaub for VMInnovations. “Core5’s nimble ability to deliver the building quickly in turn allows us to ramp up without delay”, Knaub added. The tenant is expected to occupy the space in August.
VMInnovations was represented by Mark Collins and Adam Campbell of Cushman & Wakefield. Matt Elliot of NAI Robert Lynn represented Core5.
About Core5 Industrial Partners
Core5 Industrial Partners is an industrial real estate property company with expertise in development and acquisition of innovative, Class-A properties located in major markets throughout the United States. Headquartered in Atlanta, Georgia, Core5 currently has development activity in Atlanta, Chicago, Cincinnati/Northern Kentucky, Dallas, Los Angeles/Inland Empire, Memphis, Pennsylvania and South Florida with expansion plans to additional key logistic hubs in the US. The company has developed or begun construction on just under 10 million square feet in three years.
Founded in 2015 and well capitalized with immediate access to their own capital, Core5 is privately held by 170-year-old Japanese-based Kajima Corp – one of the world’s largest A credit-rated construction companies with 16,422 employees worldwide. Named for its five core principles, the company values are centered around a highly flexible entrepreneurial spirit promising follow through on commitments with an emphasis on relationships, excellence in quality, attention to detail and quick decision making.
For more information on Core5 Industrial Partners, visit www.idi.com.
VMInnovations is an online retailer based in Lincoln, NE, with fulfillment centers across the US. The company is committed to providing customers with the best products, at the lowest prices, with the highest level of customer service possible. For more information, visit www.vminnovations.com.