VMInnovations Leases 416,891 SF of Distribution Space in North Texas
VMInnovations, an online retailer that sells goods through Amazon.com and EBay, has signed a big lease in southern Dallas County for its new southern U.S. regional distribution center.
The Nebraska-based company, which sells everything from baby gear to home and garden items to electronics, signed a lease for 416,891 square feet of industrial space at Core5 Logistics Center, a brand new, 754,897-square-foot facility located at 1200 W. Wintergreen Road in Hutchins, TX.
With this lease, the landlord, Atlanta-based Core5 Industrial Partners, will have 337,406 square feet of industrial space left to lease. The lease is the developer’s first in the Dallas-Fort Worth market.
“Our direct-to-consumer deliveries and the built-in nearby delivery services network will significantly benefit from the site location,” said Zach Knaub, regional fulfillment manager for VMInnovations, in a statement. “Core5’s nimble ability to deliver the building quickly in turn allows us to ramp up without delay.”
The company expects to occupy the space on the 43-acre tract at Wintergreen Road and Interstate 45 by the end of the summer.
The southern Dallas County location was appealing to VMInnovations because of the site’s immediate access to north- and south-bound travel along major thoroughfares for local and regional distribution, said John Leinbaugh, vice president of investments for Core5.
The facility, which has 36-foot clear ceiling heights, is also within a few miles from the Union Pacific Intermodal and the second largest FedEx Ground facility in the United States for easy transit of goods, said James Gaddy, a senior vice president and managing director of Core5.
Core5 has active developments throughout the United States, including in Chicago, Cincinnati, Atlanta, Los Angeles, Dallas, Memphis, Pennsylvania and South Florida. The real estate investment and development firm has additional expansion plans throughout key distribution markets in the country.