A South Carolina-primarily based property company greatest recognized in North Texas for its apartment assignments is constructing a company park in McKinney.
Greystar Actual Estate Associates LLC has purchased 70 acres near McKinney Airport for a warehouse job that will have much more than 740,000 square ft of house. The McKinney Airport Trade Center is under building at FM546 and Harry McKillop Boulevard and is Greystar’s first industrial challenge in Dallas-Fort Really worth.
“This industrial area in McKinney is particularly what we have been wanting for as our future order — we see McKinney’s increasing industrial sector as a important market place for expenditure,” Lance Hanna, managing director of growth for Greystar, stated in a statement. “We are energized to work with both of those firms in the obtain of the McKinney Airport Trade Centre, and are thrilled to have kicked off design of section a single.”
The to start with stage of the job will contain three properties with 320,000 square feet of area.
Dallas-dependent commercial residence firm NAI Robert Lynn brokered the land buy for the industrial park and is partnering with Carey Cox Co. to lease the structures.
“Greystar now has a perfectly-highly regarded area and nationwide presence, and we have been honored to broker their 1st industrial job in Dallas-Fort Truly worth,” NAI Robert Lynn’s Randy Wood reported. “With proximity to the airport as the major driver in our search, we desired to discover a plot of land with more than enough area to increase operations more than the decades.
“This trade heart will not only benefit the town of McKinney but also the increasing industrial current market in D-FW.”
McKinney has been expanding as an industrial current market, with quite a few developers working on warehouse jobs.
The 1st stage of Greystar’s progress is set to open at the end of this yr. NAI Robert Lynn’s Randy Wooden brokered the McKinney land sale with Monthly bill and David Cox from Carey Cox Co.
Greystar is a key operator and builder of North Texas flats. Its developments incorporate the Ascent apartment substantial-rise in Victory Park and the Gabriella tower just east of downtown on Reside Oak Road.
Centered in Charleston, Greystar manages and operates about $230 billion in true estate in North America, Europe, South America and the Asia-Pacific region. Greystar is the biggest operator of apartments in the U.S., with 754,000 rental units.
D-FW is the country’s fastest-expanding industrial constructing industry, with additional than 56 million square ft less than progress.