Media Releases Category: In The News
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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. (more…)
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HUTCHINS, TEXAS — VMInnovations, an online retailer of brand-name sports products, electronics and home goods, has signed an industrial lease in Hutchins, a southern suburb of Dallas. The company will occupy 416,891 square feet at Core5 Logistics Center at Wintergreen, a 43-acre development. Mark Collins and Adam Campbell of Cushman & Wakefield represented VMInnovations in the lease negotiations. Matt Elliot of NAI Robert Lynn represented the landlord, Atlanta-based Core5 Industrial Partners.
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Warehouse ceilings may be reaching farther into the sky, but it is not necessarily because tenants are demanding it.
“We are building 40-foot clear [ceiling heights]. We have not had a tenant to date utilize that,” Core5 Industrial Partners Managing Director Lisa Ward said.
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An online retailer has snapped up a huge industrial complex in southern Dallas County.
VMInnovations - a digital retailer that sells a variety of brand-name products for home and garden, sports and outdoors and electronics - is leasing 416,891 in a new industrial building on Wintergreen Road in Hutchins.
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Core5 Industrial Partners announced today a 416,891-square-foot lease in their Core5 Logistics Center at Wintergreen location in South Dallas to VMInnovations, an online retailer that sells a variety of brand-name products in categories including baby and kids, home and garden, sports and outdoors, and electronics. The company’s new South Dallas location will provide order fulfillment to locations across the South.
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Companies that locate in giant distribution centers face a lot of considerations when deciding on a facility. Are the ceilings high enough? Is there enough room to park cars and tractor-trailers? Does the facility have easy access to major interstates?
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The listing of the top owners of industrial real estate was compiled using responses to an online survey, earnings reports and company websites. It is based on the total size of the companies' global portfolios as of Dec. 31, 2017.
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In the past two years, three companies have taken massive amounts of warehouse space at Coweta Industrial Park, enough to convince Pattillo Industrial Real Estate to launch a 300K SF distribution center without a tenant signed up before shovels hit the dirt, its CEO said.
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Core5’s Dallas team recently sponsored CBRE’s 20th Chefs Showcase to help TX-area kids living with chronic illnesses and physical challenges. Thanks, CBRE, for the opportunity to serve the Dallas region!
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