Dallas Logistical Hub in Southern Dallas County gets new tenant – ADESA
The Allen Group Announces Build-to-Suit Project at the Dallas Logistics Hub ADESA selects site at Dallas Logistics Hub for a 175-Acre Auto Auction Center
DALLAS, Texas, (June 5, 2008) – The Allen Group, developers of the Dallas Logistics Hub, a 6,000-acre multimodal logistics park in Southern Dallas County, announced today that ADESA, a full-range auction, reconditioning, logistical and other vehicle-related services company, has entered into a 20-year lease for a new state-of-the-art auto auction center at the Dallas Logistics Hub.
The build-to-suit facility will be located on 175 acres within the City of Hutchins. The property will house three buildings totaling approximately 196,000 square feet of space for an auction arena, administrative and financial offices and reconditioning facilities. ADESA projects that the facility will require several hundred full- and part-time employees once fully operational.
“We are extremely excited to welcome ADESA to The Hub, as they are a great corporate tenant for the community through the creation of jobs, tax revenue and demand for retail and hotel services,” said Daniel J. McAuliffe, President of The Allen Group’s Texas operation. “ADESA has found the location at the Dallas Logistics Hub to be a perfect site for expanding their operations.”
The Allen Group and ADESA have agreed to design, construct and commission the facility as LEED certified. Construction will commence in a few weeks, and the facility is expected to be operational in summer 2009. Also, the Dallas Logistics Hub’s new speculative industrial buildings are the first two industrial buildings in North Texas to pursue LEED Certification in accordance with the standards set by the U.S. Green Building Council’s (USGBC) LEED Certification guidelines (www.usgbc.org). The Allen Group has committed to maintain the Dallas Logistics Hub as an eco-friendly Inland Port.
For more information about The Allen Group or the Dallas Logistics Hub, please visit www.allengroup.com.
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About The Allen Group
The Allen Group, one the nation’s fastest growing privately held commercial development firms, specializes in the development of high-end industrial, office, retail and mixed-use properties throughout the United States. The Company’s major focus is the development of Logistics Parks and Inland Ports, which are located adjacent to some of the most sophisticated rail, intermodal and highway infrastructure in the country. The Allen Group has developed a wide range of commercial projects for Fortune 500 and Fortune 100 clients and currently has over 8,000 acres under development across the United States. The Allen Group is based in San Diego with regional offices in Visalia, Bakersfield (Calif.), Dallas and Kansas City. For more information about the Company, please visit www.allengroup.com.
About ADESA
ADESA offers a full range of auction, reconditioning, logistical and other vehicle-related services to meet the remarketing needs of both its institutional and dealer customers. With 60 auction locations in the United States, Canada and Mexico, strategically located near metropolitan areas with a large concentration of used vehicle dealers, the company is well positioned to host both physical and Internet auctions. Through its related subsidiaries of AutoVIN® and PAR North America, it is also able to provide additional services including inspections, inventory audits and remarketing outsourcing solutions including a network of repossession agents, titling and auction sale representation. Visit ADESA.COM for details.
