Texas markets

Transwestern opens business parks in two North Texas hot markets

Construction is underway on huge business parks in two of North Texas’ hottest markets – McKinney and North Fort Worth.

Both industrial campuses are projects of Transwestern Development Co. Its nearly one million square foot McKinney Industrial and Office Park is adjacent to McKinney National Airport and will be used to attract business to the growing city. of Collin County.

The more than 60-acre McKinney National Business Park will include five buildings, said Denton Walker, regional partner for Transwestern Development.

“It’s a combination of industrial buildings that fit the users of aerospace technology and engineering,” Walker said. “We think with the strong growth there, we’ll see an influx of companies that want to set up shop in Texas and come in from California and other areas.

“Growing McKinney with all the amenities is a phenomenal area for us in the long term. We’re doing it because we love the city, McKinney Airport and the job market there.

McKinney is experiencing a surge in industrial building growth, driven by relocations of growing technology companies and other businesses seeking locations in Collin County.

Transwestern Development’s new business park on Harry McKillop Boulevard near the airport will be one of the biggest additions to this market.

“The expansion of this airport has made a huge difference and has been a benefit,” Walker said.

McKinney National Airport received a $15 million state grant in 2019 to extend its runway by 1,500 feet and give its commuter pilots more room to take off. It is one of many small airports in North Texas that primarily serve private airlines. Private pilots use it for their own planes, and companies such as Texas Instruments and Toyota Motor Corp. accommodate business jets there. It is also a relief airport for DFW International Airport and Dallas Love Field.

“We already have interest from a tenant who would take two of the buildings,” Walker said, noting that the buildings are not the typical bulk distribution centers being built in many parts of the D-FW area. , but are intended for more intensive use. tenants.

Walker said Transwestern has received support from the City of McKinney to improve infrastructure at the site and begin construction. O’Brien Architects of Dallas designed the business park and Halff Associates was the development engineer.

The McKinney industrial and office park should be ready for tenants late next year, Walker said.

McKinney Mayor George Fuller said city leaders are working closely with Transwestern Development on the plan.

“An influx of businesses is coming to our city, and McKinney National Business Park is innovatively designed to meet the varied needs of many different types of businesses,” he said in a statement.

The McKinney National Business Park is one of Collin County’s largest industrial developments.(Trans-Western Development)

In North Fort Worth, on Interstate 35W and US Highway 287, Transwestern Development also began construction of three industrial buildings over one million square feet.

Cowtown Crossing Business Park will be built in a single phase on 60 acres on East Bailey Boswell Road.

“This location is near downtown Alliance,” Walker said. “It’s an ideal location to serve a very strong labor base as well. It has very good access on I-35 and excellent visibility.

Walker said Alliance Architects designed the buildings, which will range from over 550,000 square feet to around 160,000 square feet. Halff Associates was the engineer for the project, which will open in late 2022.

“We are blessed to launch these projects,” Walker said. “We’ve been working on it for over a year.”

Walker joined Transwestern in early 2020, following a long and successful development career at Trammell Crow Co., where he worked on office and retail projects.

Transwestern has hired the veteran Dallas developer to expand its industrial construction business in Texas. Transwestern’s Walker and Wilson White lead the development team.

Dallas-Fort Worth is the nation’s fastest growing industrial market with over 30 million square feet of buildings under construction. Transwestern researchers estimate that industrial building tenants rent 111,000 square feet of warehouse and distribution space in North Texas every day.

Cowtown Crossing Business Park in North Fort Worth will feature three large buildings...
The Cowtown Crossing Business Park in North Fort Worth will consist of three large buildings being constructed at the same time.(Trans-Western Development)