CenterPoint Properties Completes 450,262 Square Foot Retail Support Center for Ace Hardware
Posted By Staff Writers On February 14, 2014 @ 5:32 pm
OAK BROOK, Ill. – CenterPoint Properties is proud to announce the completion of Ace Hardware Corporation’s new 450,262 square foot Retail Support Center (RSC) located at 1101 E. Pleasant Run Road, Wilmer, Texas. David Lind of CBRE represented Ace in the transaction.
Ace signed a 10-year lease at the new facility, approximately ten miles southeast of Dallas, marking the second facility in three years that CenterPoint developed on behalf of Ace. The property is located immediately east of Interstate-45 and less than one mile from the entrance to the Union Pacific Dallas Intermodal Terminal (DIT), offering Ace significant logistical and drayage advantages.
Ace is consolidating two existing facilities in the greater Dallas-Fort Worth market into the new RSC located less than five miles south of the intersection of Interstate-45 and Interstate-20, a major logistics corridor for both the Dallas-Fort Worth and Houston markets. The new RSC will service 244 Ace stores throughout the states of Texas, Oklahoma and New Mexico.
The cross-docked building features significant trailer storage capacity, 16,652 square feet of office space, a 3,000 square foot warehouse office, 120 trailer spaces and 178 car parking spaces, 32’ clear height, 86 dock doors and two drive-in doors. An additional 30 developable acres remain at the site.
“Locating less than a mile from the entrance to Union Pacific’s DIT and adjacent to the interstate highway network allows for increased container movement for our operations, which translates to faster service for Ace retailers and in turn, our valued customers,” remarked Dirk DeYoung, facilities engineering manager for Ace. “It was also helpful working with CenterPoint on the construction of the facility, as they understand our building requirements having previously developed a logistically-focused property for Ace in Suffolk, Virginia.”
A unique feature of the facility is an on-site hydrogen generation and fueling station for material handling equipment, the PowerTap™ system, by Nuvera. The system converts tap water and natural gas into hydrogen to be used as a fuel source for the forklift equipment, eliminating the need for a lengthy battery charging process and reducing electrical power consumption at the building.
“We are happy to team up with Ace on their second CenterPoint facility and are confident that the building will meet their growing needs,” stated John Lass, vice president, development at CenterPoint Properties. “This is a state-of-the-art facility located within close proximity to the highways and the intermodal facility supporting the company’s supply chain requirements.”
About CenterPoint Properties
CenterPoint Properties is focused on the development, acquisition and management of industrial property and transportation infrastructure that enhances business and government supply chain efficiency. The company invests in major coastal and inland port logistics markets anchoring North America’s principal freight lanes. CenterPoint‘s portfolio includes 45.5 million square feet and 6,000 acres under development in the company’s integrated intermodal industrial parks. For more information on CenterPoint Properties, visit www.centerpoint.com or follow @centerpointprop on Twitter.
About Ace Hardware
For 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighborhoods across America, providing customers with a more personal kind of helpful. In 2013, Ace ranked “Highest in Customer Satisfaction with Home Improvement Retail Stores, Seven Years in a Row” according to J.D. Power. With more than 4,800 hardware stores locally owned and operated across the globe, Ace is the largest hardware cooperative in the industry. Headquartered in Oak Brook, Ill., Ace and its subsidiaries currently operate 14 distribution centers in the U.S. and also have distribution capabilities in Shanghai, China; Panama City, Panama; and Dubai, United Arab Emirates. Its retailers’ stores are located in all 50 states, the District of Columbia and approximately 60 countries. For more information on Ace, visit www.acehardware.com.
More Industrial Real Estate News from CenterPoint