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Home Depot has begun construction on a 1.18 million-sq.-ft. warehouse in South Dallas, according to an article in the Dallas Business Journal.
The $20 million expansion will add to Home Depot's 531,000 sq. ft. of distribution space in South Dallas and includes tenant improvements and real property. The Atlanta retailer’s warehouse has been located at the leased site since 2007.
Construction is scheduled for completion in 2012. An estimated 250 jobs will result from the expansion, according to city documents.
The city of Dallas has agreed to grant Home Depot more than $4 million in property tax abatements on business personal property for 10 years. The DeSoto Economic Development Corp. and Dallas County also contributed more than $2 million of incentives for the facility, the newspaper reported.
Trammell Crow, which is leasing the entire South Dallas site to Home Depot and also developing the project, received nearly $2.5 million through an affiliate for improvements to the road and site infrastructure, according to city of Dallas documents.