Another DFW Airport warehouse project is in the works

Boston-based investor Cabot Properties Inc. and Dallas’ Stream Realty Partners are planning a new industrial development at DFW International Airport.

The building will be the next phase in the International Logistics Center, a business park on the south side of the airport near State Highway 360 and Airport Freeway.

Stream Realty and Cabot broke ground in 2017 on the 646,796-square-foot, three-building International Logistics Center project. The warehouse buildings were fully leased last year to more than a dozen tenants..

Now the partners have filed plans with the state for a $17 million, 425,000-square-foot building to be constructed at 3901 20th Avenue.

The building was designed by GSR Andrade Architects and is scheduled to open in mid-2021.

Steam Realty and Cabot have also built local industrial projects in Frisco and Grand Prairie.

The planned building near DFW Airport joins a growing list of projects in that area. More than 5 million square feet of industrial space is in the works surrounding the airport.

And Dallas-Fort Worth is one of the country’s fastest-growing industrial building markets, with more than 30 million square feet of new space on the way.