Partners to Develop 127-Acre Dallas-Area Business Park

DALLAS, TX – Commercial real estate investment and development firm Holt Lunsford Commercial Investments and real estate investment group Principal Real Estate Investors are developing a 1.8-million-square-foot, class AA business park in Forney, TX.

Located outside of Dallas, TX, the development, Gateway Crossing Logistics Park, will feature three LEED-certified buildings situated on 127 acres of master-planned space. Each of the three buildings will offer built-to-suit office areas, car and trailer parking and 185-foot truck courts.

Building 1 will total 1,024,549 square feet and will feature 40-foot clear ceiling heights. The 473,397-square-foot second building and the 264,940-square-foot third building will both feature 36-foot clear ceiling heights. The business park will offer a four-lane private road with the ability to add a guard house and secured truck courts.

The property, positioned along Highway 80, is expected to be delivered in late 2023. Holt Lunsford Commercial’s Josh Barnes and Canon Shoults will handle the leasing of the business park.

“We remain bullish on the DFW industrial market, and Forney has seen tremendous growth over the past two years,” states Jim Brice, partner at HLCI. “Forney is primed for large-scale speculative development that is able to meet the needs of e-commerce, manufacturing, and distribution users. Forney provides low tax rates, excellent labor, and robust roadway infrastructure to access Highway 80 and Interstate 20. Additionally, Forney is one of the fastest growing cities and school districts in Texas.”

Forney, TX currently has more than 28,000 future homesites and it has one of the deepest labor pools within the Dallas-Fort Worth area, with more than 1.3 million workers located in a 35-minute commute range.

“Principal looks forward to continuing our partnership with HLCI on this development,” says Kevin Welsch, Investment Director at Principal Real Estate Investors.  “This particular submarket continues to emerge with strong fundamentals, and with the best-in-class amenities and building specifications, we believe Gateway Crossing Logistics Park will have a competitive advantage within the Dallas-Fort Worth marketplace.”

“When market conditions are volatile, we double-down on our efforts to make sure we are putting the best product on the ground with elite partners,” says Mark De La Torre, VP of investment management at HLCI. “With Gateway Crossing Logistics Park, we believe we are doing just that, and we are grateful for our longstanding partnership with Principal.”