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Seefried Properties; USAA Real Estate Break Ground on New Industrial Park in Rockwall, Texas

Project to deliver 315,440 SF along Interstate 30

ROCKWALL, Texas, January 24, 2023 /PRNewswire/ — Seefried Properties, a private real estate firm specializing in the development of industrial properties, together with capital partner and real estate investment manager, USAA Real Estate, announces that construction at 30 Rockwall Park, a new state-of-the-art logistics facility in Rockwall, Texas. Located on a 23-acre site off Interstate-30 and Data Drive, the facility will include 315,440 square feet of divisible, Class A, speculative industrial space across two buildings.

“We are thrilled to develop new product in this rapidly growing part of the Metroplex, and the City of Rockwall and Rockwall EDC have been tremendous partners in helping us bring these buildings to market, ready to house businesses that serve this dynamic submarket,” said Jonathan Stites, Senior Vice President at Seefried. “Seefried is excited to team up again with USAA Real Estate.”

Buildings at 30 Rockwall Park will have modern specifications targeted by a wide variety of industrial users, including 32-foot clear heights, spacious concrete truck lanes and a total of 88 dock-high doors, 4 grade-level doors, as well as ample car parking. stalls, with potential for a fully secure gated site. The design and layout of the property provides efficient ingress and egress along I-30, as well as north and southbound exits and entrances at Corporate Crossing and Capital Boulevard. With frontage along I-30, the project will provide users with excellent signage, visibility and easy access to major highways, allowing for efficient regional and local distribution.

Construction of the tailgate buildings will be completed with tenant occupancy available for 4Q 2023.

The KBC Advisers team of Ann JaggersTony Cream and With Maddox will handle leasing efforts on behalf of the project. EE Reed is the general contractor; Pross Design Group serves as the project’s architect; BGE is the civil engineer.

Georgia-based Seefried Properties and USAA Real Estate have teamed up for several projects in North Texas. The partners recently submitted plans for a 1 million square foot industrial project Forneyjust east of Dallas. The three-building addition to East Gate Logistics Center is currently under construction and is expected to be delivered during the fourth quarter of 2023.

About Seefried Properties:

Founded in 1984 by Ferdinand SeefriedSeefried Properties is a private real estate firm that focuses on the development, leasing and management of industrial properties across the globe the United States. The firm focuses primarily on development in core industrial markets and build-to-suits with tenants in core and second-tier markets. Seefried leases and manages approximately 25 million square feet for its institutional and European clients and has developed more than 200 million square feet of space that exceeds $18 billion across 120+ markets. Based in Atlantathe firm has regional offices in Dallas, Chicago, The Angels and Phoenix. For more information, please visit www.seefriedproperties.com

About USAA Real Estate:

Together with its affiliated companies, USAA Real Estate invests across the risk spectrum for a global client base, and manages more $35 billion in net assets under management within a diversified portfolio North America and Europe. USAA Real Estate provides strategic equity and debt capital, including to capitalize on the accelerating demand for technology-driven real estate assets, to meet the critical need for housing solutions, and for other market and capital structure opportunities that exhibit compelling risk-return characteristics. For more information, visit www.usrealco.com

SOURCE Seefried Industrial Properties

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