Jones Development Company (JDC) has recently signed a build-to-suit purchase deal with Ollie’s Bargain Outlet, Inc. for a 615,060-square-foot (sf) distribution center in Wintergreen Exchange, a 71-acre master-planned Class A industrial park in Lancaster, Texas.
The Class-A distribution facility will be constructed on approximately 58 acres at the southwest corner of West Wintergreen Road and North Lancaster-Hutchins Road and is expected to be completed during the fourth quarter of 2019. The project team is comprised of Bob Moore Construction, Pacheco Koch and Alliance Architects.
The facility’s location in the South Dallas industrial submarket was a major selling point for Ollie’s, which was seeking a strategically-located southwest distribution center to enhance its supply-chain efficiency. Wintergreen Exchange is located just 2 miles from the Union Pacific Dallas Intermodal Terminal and 4 miles from FedEx’s ground hub, and the site offers quick access to Interstates 20 and 45.
Amenities at the new distribution center will include a 36’ clear height, 54’ by 52’ column spacing with 75’ speed bays, 100 dock doors and two drive-in doors, nearly 14,500 sf of office space, and an ESFR sprinkler system.
“We are thrilled to welcome Ollie’s Bargain Outlet to Wintergreen Exchange,” said Nick Jones, Executive Vice President of Development for JDC. “Ollie’s considered several sites throughout Texas for their new Southwestern U.S. distribution hub. Ultimately, they selected JDC’s Wintergreen Exchange due to its outstanding location, our ability to customize this project to Ollie’s desired specifications, and the site’s flexibility in accommodating their future growth potential. I’m confident that this location will support the goals of Ollie’s today and well into the future. JDC also recognizes the assistance we have received from the City of Lancaster, and we are appreciative for their efforts to help us secure this deal.”
Cushman & Wakefield’s Gary Collett, Senior Director, and David Eseke, Director, assisted JDC in marketing the property. Ollie’s was represented by John VanBuskirk, of Lee & Associates of Eastern Pennsylvania, and Sharon Morrison and Brad Struck of ESRP. The purchase price of the deal was not disclosed.
About Jones Development Company
Jones Development Company, LLC (“JDC”) is a privately held real estate development and investment firm that specializes in build-to-suit projects throughout the United States and Canada. JDC has developed over 160 facilities in 35 states and totaling nearly 14 million square feet with an aggregate value in excess of $1.5 Billion. To learn more, visit www.jonesdevco.com.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.