A Dallas-based firm is investing big in Central Texas logistics.
Velocis has published plans to build two massive warehouse buildings in Temple, a city located in the heart of the Texas Triangle.
The warehouses will cost about $53.4 million to build and comprise a total of 855,000 square feet. Construction is expected to begin by the end of 2022.
The Centx 35 Logistics Center will consist of two dark-shell speculative buildings comprising 613,000 square feet and 242,500 square feet.
Collectively, they will be among the largest speculative warehouse spaces in North Texas and sit in a strategic area of the region, adding to the market’s already massive industrial footprint.
The industrial market could be veering toward an uncertain future with reported risk of oversupply. More than 78 million square feet of industrial space is in the pipeline for the North Texas market this year, and firms like Velocis and Hines are only adding to the footprint.
The Texas Triangle is a megaregion that encompasses the state’s four largest metropolises — Dallas-Fort Worth, Austin, Houston and San Antonio — and is home to more than 21 million residents, most of the state’s population.
Temple has just over 82,000 residents but sits at the center of the megaregion, in Bell County.
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