Dallas Logistics Hub
May 21, 2007
The Allen Group, a major developer of commercial properties, hosted a grand opening ceremony for its Dallas Logistics Hub in Lancaster, Texas. The Dallas Logistics Hub (“The Hub”) is the largest new logistics park under development in North America, with over 6,000 acres master-planned for the development of 60 million square feet of distribution, manufacturing, office, and retail uses. The Hub positions Dallas as the premier trade hub in the Southwestern United States and will serve as the primary gateway for the distribution of goods to the major population centers throughout the Central and Eastern United States.
Construction of two new speculative buildings totaling 640,000 square feet and 210,000 square feet, respectively, will commence in June and be completed by year-end 2007.
Slated to become one of the biggest economic engines for Northern Texas, the Dallas Logistics Hub is projected to create 31,000 new direct jobs plus 32,000 new indirect jobs. The Hub is also expected to increase the tax base for the municipalities of Dallas, Lancaster, Wilmer, and Hutchins by $2.4 billion.
“The Hub’s central location and proximity to major trade routes through Mexico and the Midwestern and Eastern United States strategically position Dallas to thrive and take advantage of the international shifting of trade patterns,” said U.S. Congresswoman Eddie Bernice Johnson.
The Allen Group’s Dallas Logistics Hub is adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a potential BNSF intermodal facility, four major highway connectors (I-20, I-45, I-35, and the future Loop 9/Trans-Texas Corridor), and Lancaster Airport, which is in the master-planning stage to facilitate air-cargo distribution.