b'R E A L E S T A T ESCOA Enters Industrial Real Estate Market with Dallas-area ProjectsI f America learned anything from a pandemic economy, its that inventory and transportation are key T DallasEXASto delivering retail goods to the modern consumer, especially if that consumer can only shop online.A modern business that manufactures a retail product relies on warehouse space and connected routes now more than ever to make sure that order shows up on the customers doorstep. By securing more than half a million square feet of warehouse property, SCOAs Commercial Real Estate Unit closed on two industrial land sites in the greater Dallas-Fort-Worth, Texas market this past summer that serve as its first foray into the industrial real estate sector. By entering into joint venture agreements with two partnersand e-commerce and/or online shopping, which was mag Velocis, a Dallas-based fund manager, and KBC Advisors, anified by the global pandemic that hit in March 2020.national developer of industrial facilities SCOA purchasedManabu Matt Hamamoto, General Manager of SCOA the DeSoto Texas site in late May and the Mansfield TexasMaterials, Supplies & Real Estate Group, sees the move as site in late June. These two investments serve as the compa- part of a shift in strategy.nys first developments in the industrial/logistics property sector, a highly competitive sector that aligns with SCOAsFor many years, our business groups basic strategy has been goal of portfolio diversification. Joe Zagranski, Vice Presidentto invest in residential development projects and existing and Deputy General Manager of SCOAs Materials, Supplieslarge office buildings located in central business districts and Real Estate Group, believes that the world is headingwith the 20th largest population in the U.S., Hamamoto in a direction that makes these purchases the best move atexplained, but, in the spring of 2020, we reviewed and present.revised our strategy, which in-We feel that these investments will benefit from the con- volved diversifying our invest- Airport Dallas/CBD DFW Airportment targets in order to ensureIntl Airporttinuing trends of e-commerce and globalization of trade,30 34 miles Dallas/CBDbusiness stability and continuousFort Worth 35 minsZagranski said, as well as providing corporate supply chainAirport 14 miles 30growth. In addition to large 20 15mins Arlingtonsolutions to the issues that became apparent during theoffice buildings in CBDs, To Fort Worth 20we look to invest in suburban45 230mmiilns TEXASglobal pandemic. We are also planning to sell both buildings67 SITE 2 es 360shortly after construction completion following a similaroffices, and enter new real 35 To Houston SITE 67strategy in our residential multifamily apartment develop- estate areas. To Austin 287ment business.Essentially, our units near-term goal was to diversify our U.S.Location Centre Park 20/351500 N. Polk Street, DeSoto, TXreal estate portfolio and investing in industrial developmentLand Size 18.5 acresprojects helps us to achieve this goal The demand funda- Total Size 350,902 SFmentals are strong from the growing trends of globalizationBuilding Features 1 story, 36 clear, frontload logistics facilityAbove: Groundbreaking for Centre Park 20/351500 N. Polk Street, DeSoto, TX 14 visions Fall 2021'