JV to Develop 467K-SF Industrial Facility in Dallas
Eider Creek Capital and a real estate fund advised by Crow Holdings Capital have acquired 25 acres of land and commenced construction on Mountain Creek East Logistics Center.
DALLAS, TX – Eider Creek Capital and a real estate fund advised by Crow Holdings Capital are partnering to develop a 467,541-square-foot, class A industrial facility in Dallas, TX.
For the development, titled Mountain Creek East Logistics Center, the partnership has acquired four land parcels, totaling 25 acres.
Located at the intersection of Dan Morton Dr. and Crystal Lake Blvd., the speculative development is situated along the eastern banks of TX-408 Spur within an established industrial submarket. The area offers access to major roadway distribution routes.
Construction on Mountain Creek East Logistics Center has commenced and the project is scheduled to be completed in August 2022.
“Eider Creek Capital is excited to partner with Crow Holdings Capital on this speculative development and to construct a new state-of-the-art development in one of the DFW’s most established industrial submarkets,” says Ben Doherty, managing partner of Eider Creek Capital.
Davidson Bogel Real Estate’s Ricardo Quinones sourced the acquisition opportunity off-market, on behalf of the purchaser.
“Due to unprecedented industrial demand in DFW, developers across the area are forced to find creative solutions including multi-parcel assemblages like this site,” says Quinones.
CBRE’s SVP Kacy Jones, EVP Steve Koldyke and SVP Brian Gilchrist are representing Mountain Creek East Logistics Center to lease the project.