A New Announcement Concerning Dallas Warehouse Space

Category: Finance, Real Estate.

In recent years, Dallas office space and warehouse space has become a hot commodity that is increasingly in demand. Just this week the American International Group announced that it will be moving its main office to Dallas, right in the heart of the downtown.

Each day there are new announcements of the development of new office and warehouse space in downtown Dallas. An In- Depth Look into AIG's Decision. Not only did AIG decide to stay in Dallas, but it chose downtown Dallas as its new home. Tom Leppert, the mayor of Dallas commented, "We are clearly excited about this announcement. Their relocation adds to the exciting momentum already building in the city's core. " The momentum that Leppert is referring to is the numerous businesses. This is a terrific time to invest in Downtown Dallas office space. Both large and small that are flocking to the area of downtown Dallas.

There are several new announcements of Dallas office space for lease, which can be the perfect start for a local, nationwide or global business to set- up shop. AIG is a very large global insurance firm. The American International Group is expected to move, into The Plaza, as of 2009 of the Americas. It offers clients life, casualty and specialty, property insurance to individual and institutional customers. A New Announcement Concerning Dallas Warehouse Space. Last year, AIG experienced over$ 113 billion dollars in sales. In addition to AIG's decision to move their main office to the downtown area of Dallas, Holt Lunsford Commercial purchased a piece of valuable Dallas warehouse space known as" City Warehouse" .

Many of these vehicles bore a sticker that read" Made in Texas by Texans" . This was the warehouse where over 3 million Ford trucks and cars came off the assembly line. The City Warehouse, was shut down, unfortunately nearly 40 years ago. The plans for this property include a revitalization component that is designed to revive the City Warehouse's role in the neighborhood. Holt Lunsford Commercial has huge plans for this historical piece of Dallas warehouse space. The owner hopes that the redevelopment of this warehouse will act as a powerful economic engine for the eastside of the city. One of the plans for the use of this space is to attract new retail shops and to offer affordable office space to new businesses.

The owner of the City Warehouse commented, "The big push for us is, how we can be instrumental in the revitalization of the community? " This premier Dallas warehouse space consists of over one million square feet, office and distribution, 12 warehouse buildings, covering 65 acres of land. Also, the new owner of City Warehouse is looking towards creating a business incubator that will be responsible for bringing more manufacturing jobs to the area. The future of residential and commercial development, is extremely promising, in Dallas as new projects are already being planned. Both of these recent announcements, Land Tejas and, from GE Holt Lunsford Commercial will have a dramatic impact on Dallas Texas real estate.