City Council members unanimously approved purchasing approximately 9.2 acres of land located north of the city’s existing DME campus at a Sept. 30 meeting.
A closer look
DME provides electric services to the greater Denton area, according to the city’s website. The main campus is located at 1701 Spencer Road, Denton.
The land along Shady Oaks Drive was previously owned by GIRO Realty Investments Ltd., and cost the city around $4.32 million in DME bond funds.
Why it matters
The additional land purchased will help address inventory space shortages, mitigate safety hazards and provide more effective electric services to customers, city documents state.
DME’s customer base has grown by 21% in the past five years, according to city documents. As a result, the company currently rents additional warehouse space at 651 S. Mayhill Road, which is located off-site from the main campus.
Several developments, such as Hickory Grove, Cole Ranch and Hunter Ranch, are in active construction and are predicted to result in several thousand additional customers over the coming years.
The additional space will allow for an expansion of the current DME campus to help better serve the growing customer base.
