Landmark Companies is currently in the pre-lease phase of Landmark at the Meadows, a speculative two-building Class A industrial warehouse project under development in Mesquite, Texas.
The first building is currently under construction and expected to be completed next year. Building II, a 139,319-square-foot property, has already secured a 78,000-square-foot lease with Lowe’s for a last-mile fulfillment center. Typically, fulfillment centers handle the entire supply chain process, ranging from order picking and processing to packaging and shipping. Landmark’s Julia Baytler added, “The lease with Lowe’s validates our development thesis and reflects the strong demand for modern industrial facilities in Texas.”
JLL is handling the remaining space in Building II and Building I, a 216,000-square-foot building located next door, which is under construction and anticipated to be delivered in 2024. Hall Structured Finance arranged a $13.1 million construction loan for the project.
The post Landmark’s Mesquite Warehouse Project Lands Lowe’s Fulfillment Center appeared first on Connect CRE.
Landmark Companies is currently in the pre-lease phase of Landmark at the Meadows, a speculative two-building Class A industrial warehouse project under development in Mesquite, Texas. The first building is currently under construction and expected to be completed next year. Building II, a 139,319-square-foot property, has already secured a 78,000-square-foot lease with Lowe’s for a last-mile …
The post Landmark’s Mesquite Warehouse Project Lands Lowe’s Fulfillment Center appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate