AVERA Announces Groundbreaking on 300,800 Square Foot Warehouse Building

COPPELL, TEXAS – April 2013 – AVERA is announcing the groundbreaking of Northpoint Corporate Center, a Class-A Industrial distribution warehouse building located two miles north of D/FW International Airport in Coppell, TX.

The 300,800 square foot, cross-dock building will feature 32′ Clear height, abundant car and trailer parking, and an ESFR sprinkler system. The facility, with direct access to State Highway 121, I-635 and State Highway 114, is well positioned to serve companies’ distribution needs throughout the D/FW Metroplex and the Southwest United States.

“We are extremely pleased to be working with Industrial Income Trust on this project. This 19-acre, infill site is located in the heart of the D/FW Airport submarket, one of the most dynamic submarkets in the state of Texas. The building will be completed in the fall of this year and is poised to capitalize on the strong economic momentum currently taking place in North Texas,” stated Rob Huthnance, Managing Director of AVERA in Dallas.

Industrial Income Trust (IIT) is a non-traded real estate investment trust (REIT) that acquires and operates high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers.