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First Industrial Realty planning $52M speculative project in Dallas

First Industrial Realty Trust Inc. is planning a $52 million speculative warehouse project in southwest Dallas spanning more than one million square feet, The Dallas Morning News reported.

The 82-acre project would be south of the Mountain Creek business park that houses distribution centers for a number of companies.

Citing filings with Dallas' economic development department, the publication noted that the developer is seeking a property tax abatement for the project, but would not receive incentives until half of the project is leased.

Colliers International is leasing the project, according to the report.