C&W Industrial Insider Year-End Report_Q4-2018

Cushman &Wakefield Dallas/Fort Worth

Alliance/North Fort Worth

The North Fort Worth and Alliance submarkets are situated along I-35W on the northwest edge of DFW. Both submarkets benefit from proximity to Alliance’s Global Logistics Hub, which includes the BNSF Railway Intermodal Terminal, Alliance Airport, and UPS and FedEx hubs. While Alliance has traditionally been a finite submarket mostly controlled by Hillwood, other developers are entering the area. There are currently at least ten other developers that have acquired or are actively pursuing developable land sites in Alliance. North Fort Worth is an infill submarket with few remaining large land parcels DENTON 35E 35

available for development. The submarket’s tenant base has a high percentage of rail users and light manufacturing. New supply delivered in 2018 for Alliance and North Fort Worth reached nearly 5.7 MSF, which topped historical record highs for deliveries in the submarkets combined. The activity from a supply standpoint has been met by high demand with over 15.5 MSF of net absorption since 2016. Both North Fort Worth and Alliance will continue to evolve and grow as a broader mix of developers begin to enter the area. 75

THERE ARE CURRENTLY AT LEAST TEN DEVELOPERS THAT HAVE ACQUIRED OR ARE ACTIVELY PURSUING DEVELOPABLE LAND SITES IN ALLIANCE 380

380

LITTLE ELM

CORINTH

35W

FRISCO

87

ALLEN

OBSERVATIONS & TRENDS HIGHLAND VILLAGE

75

PLANO

• New supply delivered in 2018 reached record highs for the submarkets combined, with 70% of the deliveries occurring in Alliance • DHL Real Estate Solutions sold the first phase of Elizabeth Creek Gateway in a foreword to State Farm - the two speculative buildings total 1.2 MSF and delivered this month without pre-leasing activity • Northpoint Development entered a joint-venture with the MT Cole Family Trust on +/- 1,100 acres to the north-east of the BNSF Intermodal Terminal – the JV has plans to break ground with two speculative buildings of 1.5 MSF and 1 MSF during the first quarter of 2019 • Trammell Crow Company delivered over 1.6 MSF of spec product in 3 buildings, the largest of which totaled just under 1.1 MSF MURPHY RICHARDSON IRVING FARMERS BRANCH HIGHLAND PARK DALLAS ADDISON CARROLLTON 30 635 635 635 35E 35E 35E 30 12 114 114 121 183 121 12 75 75

FLOWER MOUND

114

ROANOKE

114

SOUTHLAKE

35W

GRAPEVINE

287

ALLIANCE

KELLER

NORTH RICHLAND HILLS

360

COLLEYVILLE

121

NORTH FORT WORTH

BEDFORD

SAGINAW

EULESS

183

HALTOM CITY

820

820

35W

80

121

360

30

WHITE SETTLEMENT

GRAND PRAIRIE

ARLINGTON

12

FORT WORTH

35E

30

45

12

820

175

24 Q4 2018

287

BALCH SPRINGS

12

20

820

20

20