DFW Industrial Developments Are Just the Start for Velocis

Dallas-based private equity real estate manager, Velocis, recently closed on two development sites which will be developed into 850,000 square feet of class-A industrial space in the South Dallas and GSW submarkets. Velocis partnered with the wholly owned subsidiary of Tokyo-based Sumitomo Corporation of Americas on these investments. These are the first of several industrial investments Velocis plans to pursue with Sumitomo Corporation.

“The demand for industrial real estate, especially in Texas metro areas like Dallas-Ft Worth, is at an all-time high right now,” said Paul Smith, Velocis partner. “We consider these first two transactions to be the first of many industrial investments with our client as we continue to evaluate opportunities locally and on a national level.”

Velocis has been active since 2010, purchasing 35 assets located in major markets within Arizona, Colorado, Texas, Georgia, Florida, North Carolina, Virginia, Tennessee and the Washington, D.C. metro Area. Velocis is led by a team of five partners: Fred Hamm, Mike Lewis, Jim Yoder, Paul Smith and David Seifert.