{"id":1004561757,"date":"2021-12-23T06:35:44","date_gmt":"2021-12-23T14:35:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004561757"},"modified":"2022-12-08T15:54:49","modified_gmt":"2022-12-08T23:54:49","slug":"transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/","title":{"rendered":"Transwestern Breaks Ground on 2 MSF of Spec Industrial"},"content":{"rendered":"
\"\"<\/a>

Cowtown Crossing rendering. Image courtesy of Transwestern<\/p><\/div>\n

Transwestern Development Co. has broken ground on two distributions centers in the Dallas-Fort Worth market. The projects, located in Fort Worth and McKinney, Texas, total almost 2 million square feet of industrial space. This marks the company’s first foray into the growing local market.<\/span><\/p>\n

Cowtown Crossing is a three-building project in Fort Worth totaling a little over 1 million square feet. The development site is located at the intersection of East Bailey Boswell Road and Basswood Boulevard, some 3 miles from Interstate 35W and 26 miles west of DFW International Airport. The facility is slated for delivery in 2022 at a projected construction cost of $42 million, according to The<\/em> Dallas Morning News<\/em>. Transwestern will also develop new infrastructure in the area through a public-private partnership with the city of Fort Worth.<\/span><\/p>\n

The company has also started construction on McKinney National Business Park, a 945,000-square-foot light industrial and office campus in McKinney, Texas. The five-building project is a two-phase development, with the first phase slated for completion at the end of next year. The 64-acre construction site is adjacent to McKinney National Airport, less than 3 miles from US Route 75. Downtown Dallas is some 32 miles to the southeast.<\/span><\/p>\n

Expanding the portfolio<\/span><\/h2>\n

With the Metroplex projects, Transwestern is responding to growing demand for well-positioned industrial facilities brought on by the expansion of e-commerce. The company\u2019s Texas portfolio currently consists of 3.8 million square feet of industrial product, including projects underway.  <\/span><\/p>\n

As of November, Dallas led the U.S. in development activity, with 37.6 million square feet of industrial space under construction, representing 4.6 percent of existing stock, a recent CommercialEdge report<\/a> shows. Even with accelerated development activity, the absorption rate remains steady. Industrial vacancy in Dallas stood at 4.5 percent in November, 120 basis points below the national average.<\/span><\/p>\n

The industrial sector is expected to continue growing<\/a> in the coming year, and considering the ongoing supply chain disruption and increased transportation costs, proximity to consumers has become crucial.<\/span><\/p>\n

Transwestern has also been eying other high-growth markets recently. In October, the company partnered with QuadReal Property Group for the construction of Trailhead Logistics Park<\/a>, a 943,426-square-foot project in Ocala, Fla. The development, still in the planning stages, is the largest such speculative project in the state to date.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The two distribution centers are situated in Dallas-Fort Worth. <\/p>\n","protected":false},"author":1366,"featured_media":1004561758,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,22251,21748,21742],"tags":[42641],"class_list":["post-1004561757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-in-focus","category-industrial","category-latest","tag-transwestern-development-co"],"acf":[],"yoast_head":"\nTranswestern Breaks Ground on 2 MSF of Spec Industrial - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Transwestern Breaks Ground on 2 MSF of Spec Industrial\" \/>\n<meta property=\"og:description\" content=\"The two distribution centers are situated in Dallas-Fort Worth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-23T14:35:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T23:54:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Cowtown-rendering.-Image-courtesy-of-Transwestern-e1640254009201.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ioana Muresan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/\",\"name\":\"Transwestern Breaks Ground on 2 MSF of Spec Industrial - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Cowtown-rendering.-Image-courtesy-of-Transwestern-e1640254009201.jpg\",\"datePublished\":\"2021-12-23T14:35:44+00:00\",\"dateModified\":\"2022-12-08T23:54:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/03646a053de86ceb3a62b2e43105f49d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/transwestern-breaks-ground-on-2-msf-of-dfw-spec-industrial\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Cowtown-rendering.-Image-courtesy-of-Transwestern-e1640254009201.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Cowtown-rendering.-Image-courtesy-of-Transwestern-e1640254009201.jpg\",\"width\":1440,\"height\":1080,\"caption\":\"Cowtown rendering. 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