A South Carolina-based assets company greatest known in North Texas for its condominium tasks is building a small business park in McKinney.
Greystar Genuine Estate Companions LLC has obtained 70 acres in the vicinity of McKinney Airport for a warehouse challenge that will have more than 740,000 square toes of house. The McKinney Airport Trade Heart is below building at FM546 and Harry McKillop Boulevard and is Greystar’s initially industrial undertaking in Dallas-Fort Worthy of.
“This industrial house in McKinney is just what we had been looking for as our following obtain — we see McKinney’s escalating industrial sector as a crucial industry for expenditure,” Lance Hanna, managing director of development for Greystar, stated in a statement. “We are excited to perform with both equally organizations in the invest in of the McKinney Airport Trade Center, and are thrilled to have kicked off design of section just one.”
The initially section of the job will incorporate 3 properties with 320,000 sq. ft of room.
Dallas-centered professional home organization NAI Robert Lynn brokered the land obtain for the industrial park and is partnering with Carey Cox Co. to lease the buildings.
“Greystar previously has a nicely-revered local and countrywide existence, and we have been honored to broker their to start with industrial project in Dallas-Fort Worthy of,” NAI Robert Lynn’s Randy Wooden stated. “With proximity to the airport as the principal driver in our look for, we needed to uncover a plot of land with sufficient room to develop operations over the years.
“This trade heart will not only benefit the town of McKinney but also the rising industrial current market in D-FW.”
McKinney has been escalating as an industrial market place, with various developers doing the job on warehouse projects.
The 1st section of Greystar’s progress is set to open up at the conclusion of this 12 months. NAI Robert Lynn’s Randy Wooden brokered the McKinney land sale with Bill and David Cox from Carey Cox Co.
Greystar is a big operator and builder of North Texas apartments. Its developments involve the Ascent condominium significant-increase in Victory Park and the Gabriella tower just east of downtown on Live Oak Road.
Based in Charleston, Greystar manages and operates about $230 billion in real estate in North America, Europe, South The united states and the Asia-Pacific location. Greystar is the most significant operator of apartments in the U.S., with 754,000 rental units.
D-FW is the country’s speediest-developing industrial creating sector, with much more than 56 million square toes less than growth.