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MESQUITE, TX-Transwestern Commercial Services and Buchanan Street Partners have mapped out a $29-million spec industrial project as their first joint venture in North Texas. Site work begins today on the 555,200-sf, three-building project.

The Mesquite Business Park trio, ranging from 40,000 sf to 256,000 sf, will be planted on a 32-acre tract at the corner of US Highway 80 and Big Town Boulevard. "We have a lot of appeal for various size users," says Henry Knapek, senior vice president of development in Dallas for the Houston-based Transwestern. "It's a cafeteria for all sizes."

The Fort Worth-based Hillwood, Atlanta-headquartered International Development Inc. and Denver's ProLogis all are building, most spec in the Mesquite submarket. Knapek tells GlobeSt.com that only reinforces the decision to forge ahead on a project that's been on the drawing board six to nine months. "When you get the giants building big projects, they obviously have done their research," he says. "It makes us feel good about the area. It's an outstanding opportunity for us to develop."