An outdated Irving office building will soon be replaced by a new 110,000-square-foot industrial facility. The project will be Foundry’s tenth office-to-industrial conversion nationally, the company’s sixth in the Dallas metro area. Demolition of the existing structure is expected to begin this month.
Foundry Commercial’s Jonathan Balthrop added, “What we’re doing with these projects is identifying well-located properties that have outlived their original purpose and reimagining them into something far more productive for the market.”
Across its Development & Investments platform, Foundry has demolished 25 office buildings totaling approximately 2.6 million square feet and is replacing them with roughly 4 million square feet of new industrial development. Because these projects repurpose existing office sites, they are typically located in supply-constrained infill markets that are difficult to replicate through traditional industrial development.
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