Hines Begins Construction on Industrial Buildings in Irving

IRVING, TEXAS — Hines, in conjunction with AEW Capital Management, has begun construction on Phase II of Parc 114 Business Park in Irving. Phase II will include two new buildings totaling 191,262 square feet with a projected completion date in early 2016. Stream Realty Partners will provide leasing, marketing and property management services for the project. Parc 114 is a 52-acre master-planned business park located at 6501 N. Beltline Road. Phase I includes six industrial buildings totaling 404,777 square feet that are 100 percent leased. Tenants include Chrysler Group LLC, Nautilus Hyosung America, Nissan and Walgreens. Phase II of Parc 114 will feature a distinctive architectural design that will complement the existing buildings in the park. The rear-load, dock-high buildings will accommodate tenants ranging from 16,000 square feet to 135,253 square feet and will feature generous parking and truck courts. Centrally located in the Dallas-Fort Worth area, Parc 114 is directly adjacent to the DFW International Airport, just south of State Highway 114. Bob Hagewood and Jeremy Kelly of Stream’s industrial division in Dallas will lease and market Parc 114 on behalf of the landlord, Hines. Stream’s Priscilla McKinney will oversee property management of the property.