Permit issued for 486,146-square-foot speculative warehouse.
The city issued a permit last week for The Conlan Co. to build a 486,146-square-foot speculative warehouse at Westlake TradeCenter at a cost of $15 million.
The shell structure is under construction on 23.77 acres at 9950 Pritchard Road in Westlake TradeCenter, under development by Pattillo Industrial Real Estate.
Conlan also built the $350,000 foundation for the cross-dock building. Tenant build-out would be permitted separately.
Cross-docking is a logistics practice of unloading products from an incoming truck and immediately reloading into outbound trucks or trailers. A cross-docking facility is seen as a sorting center that requires less storage space than a distribution center.
At an industrial rate of $45 a square foot, the completed center represents an investment of almost $21.9 million.
Pattillo affiliate Stone Mountain Industrial Park Inc., through 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 last year.
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 and that the building is designed for up to two tenants.
Anderson said Friday no tenant has been signed.
Pattillo also owns Westside Industrial Park and NorthPoint Industrial Park.