CLX Ventures, a Dallas-based real estate development and private equity firm, alongside Principal Real Estate Investors, have broken ground on a premier, Class-A industrial park in Denton, TX. When complete, the three-building project will be situated on approximately 73 acres and total 1,193,276 square feet. ICC-35 boasts cutting edge design features and building amenities, including 32’-36’ clear heights, cross dock and rear load configurations, internal circulation drives, above market trailer positions and ample car parks providing today’s Class-A industrial tenant a best-in-class experience. The property will be leased by Matt Carthey, Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial.
Strategically located at the northwest corner of I-35W and Hwy 288, the site’s eastern border fronts I-35 and is minutes from the I-35E/I-35W interchange, making it easily accessible to travel to hubs such as Dallas-Fort Worth International Airport, Alliance, Meacham International Airport and the BNSF Intermodal. In addition, the site is one mile north of Highway 380, which provides quick access to the growing population of Krum and Sanger.
ICC-35 broke ground in July with an anticipated completion in August 2023.
“We are honored to partner with CLX and Principal Real Estate Investors on this first-class project. Denton is quickly emerging as a force in our industrial sector with an incredible pipeline of interested tenants new to the market. ICC-35 is coming at the perfect time being able to accommodate users ranging from 40,000-702,766 SF ICC-35”, said Matt Carthey, Partner and Managing Principal for Holt Lunsford Commercial’s Fort Worth office. “The supply is limited currently in Denton with just about all industrial land sites now tied up. ICC-35 will lead the next wave of industrial developments and is in a prime location adjacent to the future Loop 288 extension on I-35,” said Holt Lunsford Commercial’s Andrew Gilbert.
“CLX is excited to enter the booming Denton industrial submarket,” Brad Copeland, Founder and Managing Partner of CLX Ventures, said in a statement. “The Denton labor market is exceptional and has been a steady draw for users looking for space in the metroplex, with all indications that trend will continue in 2023 and beyond. This will be an institutional quality development and will cater to a broad range of tenants looking for excellent ingress and egress to I-35E, I-35W and Hwy 380, as well as a Class A business park environment.”
More information on Denton ICC35 may be found here.
