Pattillo Industrial Real Estate is starting work on Westlake TradeCenter, a new industrial park, with construction of a 486,146-square-foot speculative warehouse.
Westlake Land LLC, a Pattillo affiliate and the landowner, applied to the city for a foundation permit on 23.77 acres at 9950 Pritchard Road.
The Conlan Co. is the contractor for the $350,000 project. At an industrial rate of $45 a square foot, the completed center represents an investment of almost $21.9 million.
Westlake Land LLC bought 96.3 acres at Pritchard and Directors roads from Denver-based Prologis Inc. in 2016 for about $7.2 million and registered Westlake TradeCenter as a fictitious name with the state Dec. 27.
Peter Anderson, vice president of Pattillo Industrial Real Estate, said in January that Pattillo can develop up to 1.4 million square feet of space on the property.
He said it would start with a 487,000-square-foot cross-dock facility this year.
Anderson said Tuesday the building, to be completed in August, is designed for up to two tenants.
Pattillo also owns Westside Industrial Park and NorthPoint Industrial Park.