Florida developer buys Grand Prairie industrial site

A Florida developer has purchased an industrial building site in Grand Prairie.



a truck is parked on the side of a building: North Texas is one of the country's top office and industrial building markets.


© David Woo/Staff Photographer/The Dallas Morning News/TNS
North Texas is one of the country’s top office and industrial building markets.

An affiliate of Landmark Companies, a developer based in Aventura, Fla., acquired the more than 12-acre site on West Shady Grove Road near S.H. 161.

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The site near Bear Creek is surrounded by industrial properties.

Dallas’ Vanguard Real Estate Advisors arranged the sale of the property by Irving-based National Stone Management.

“Having been extremely active transacting in the Grand Prairie market in the past few years, we were able to quickly identify a compelling Site for Landmark in order to assist in commencing their industrial development initiative,” Vanguard’s Jordan Cortez said in a statement.

Cortez and Vanguard’s Mason John brokered the property sale with David Eseke and Clay Balch of Cushman and Wakefield.

Vanguard has sold three properties in the area so far to Landmark Cos. and has a third development site under contract.

Landmark Cos. is a developer of apartment, industrial and single-family home properties.

North Texas is the country’s fastest-growing industrial building market with almost 30 million square feet of new buildings in the development pipeline.

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