The Lubbock Economic Development Alliance (LEDA) and Bandera Ventures partnered in the construction of the Lubbock Logistics Center, a hi-tech speculative service and distribution center with 161,555 square feet of space in the Lubbock Business Park located at the corner of Lubbock Boulevard and Nutmeg Avenue. Bandera Ventures, a Dallas-based commercial real estate development company, chose to build the facility in the “Hub City” due to the low industrial real estate vacancy and Lubbock’s role as a regional hub. Ranked by Indeed as one of the Top 10 best cities in the nation for high-projected economic growth potential, Lubbock is a premier choice for business expansion.
By investing in ready-made property for future occupants, the LEDA team recognizes the significance of offering the resources needed for companies who are looking to bring their business here.
The Lubbock Logistics Center is well equipped to meet the specific needs of its occupants with 56 trailer parking positions with a clear height of 32 feet and have the ability to be cross-dock configured. The property is easily accessible to Interstate 27, which connects north and south to Interstate 20 and Interstate 40. Additionally, it is within one mile to the Lubbock Preston Smith International Airport, offering connectivity from a foreign trade zone to markets across the country and around the globe.
With 1.6 million people within a 200-mile radius and close proximity to other major markets including Dallas and Denver, Lubbock’s ideal location in the center of the country provides easy access both nationally and regionally. Just as the “Hub City” reflects a spectrum of industries from technology and healthcare to manufacturing and agriculture, this facility is equipped to service and distribute the products of any industry.
The speculative building is a key component in assisting with workforce growth in Lubbock. President and CEO of the Lubbock Economic Development Alliance John Osborne says the building will be advantageous when looking to recruit new companies to the “Hub City.” “This speculative building will be a catalyst for growth in our Business Park, allowing for a company to expand or relocate its operation in Lubbock in a quick and cost-efficient manner,” said Osborne.
Another advantage to this premier speculative building is the ever-growing workforce that stems from surrounding colleges, universities and training programs that boasts highly-skilled, trained and ready graduates. There is a reason Indeed.com named Lubbock as third best city in the nation for above-average employment opportunities and high-projected growth. The team at LEDA is making significant strides when it comes to investing in Lubbock’s future workforce through career and technical education programs. These programs allow middle and high school students to begin developing the skills required to enter the workforce upon graduation or to continue training at one of the higher-education institutions in the area. These efforts are reflected in the growth of the economy and the competitive workforce.
Pryor Blackwell, partner at Bandera Ventures, explained that he was thrilled to have the opportunity to work with LEDA on the development of the Lubbock Logistics Center. “Without the support from Lubbock, we wouldn’t be here today,” he said. “This community and all of the people who made this possible have been extraordinary. I believe in this community and what is happening here.”
For more information on the Lubbock Logistics Center, click here.