{"id":1004563208,"date":"2022-01-10T03:44:49","date_gmt":"2022-01-10T11:44:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004563208"},"modified":"2022-12-09T01:01:53","modified_gmt":"2022-12-09T09:01:53","slug":"eider-creek-jv-to-build-dallas-industrial-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/eider-creek-jv-to-build-dallas-industrial-facility\/","title":{"rendered":"Eider Creek JV to Build Dallas Industrial Facility"},"content":{"rendered":"
\"Mountain<\/a>

Mountain Creek Logistics Center. Image courtesy of CBRE<\/p><\/div>\n

Eider Creek Capital<\/strong> has teamed up with a real estate fund advised by Crow Holdings Capital<\/strong> for the construction of Mountain Creek East Logistics Center, a Class A speculative industrial facility in Dallas.<\/p>\n

The developers are building the project on four land parcels totaling 25 acres. Davidson Bogel Real Estate<\/strong>\u2019s Ricardo Quinones represented the partners, which acquired the sites at Dan Morton Drive and Crystal Lake Boulevard from an undisclosed seller in an off-market transaction.<\/p>\n

\n

READ ALSO<\/strong>: Dallas\u2019 CRE Highlights of 2021<\/a><\/p>\n

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Construction on the 467,541-square-foot industrial facility is already underway. The project is scheduled for completion by August 2022. A CBRE<\/strong> Dallas-Fort Worth team led by Kacy Jones, Steve Koldyke and Brian Gilchrist is in charge of leasing the property.<\/p>\n

Upon completion, Mountain Creek East Logistics Center can serve distribution companies in the Dallas-Fort Worth market and beyond. The project is located at Dan Morton Drive and Crystal Lake Boulevard in Dallas\u2019 Mountain Creek neighborhood, giving it nearby access to the Texas Spur 408 highway that connects to Interstates 20 and 30 and other major distribution routes in the metro. According to Eider Creek, the area also has one of the best warehouse labor pools in the region.<\/p>\n

Deep Demand in Dallas-Fort Worth<\/h2>\n

The Metroplex industrial market has seen historically high occupancy levels and increasing rent growth, according to Westmount<\/strong>\u2019s founder & chairman Cliff Booth<\/a>. Quinones added in prepared remarks that the unprecedented industrial demand in Dallas-Fort Worth has forced developers to find creative solutions, like combining several land parcels for the construction of a new project.<\/p>\n

Eider Creek noted that this investment was part of the firm\u2019s ongoing commitment to develop Class A industrial facilities in the metro. Crow Holdings has also been building industrial developments in target markets across the U.S., including Dallas-Fort Worth and Houston. The company is also looking to construct<\/a> a 2 million-square-foot speculative industrial development in Glendale, Ariz.<\/p>\n","protected":false},"excerpt":{"rendered":"

Crow Holdings Capital is the company\u2019s partner on the spec project.<\/p>\n","protected":false},"author":883,"featured_media":1004563220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21748,21742],"tags":[32789,37358,32914,33100],"class_list":["post-1004563208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-industrial","category-latest","tag-cbre","tag-crow-holdings","tag-e-commerce","tag-westmount-realty-capital"],"acf":[],"yoast_head":"\nEider Creek JV to Build Dallas Industrial Facility - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Eider Creek Capital has teamed up with a real estate fund advised by Crow Holdings Capital for the construction of Mountain Creek East Logistics Center, a Class A speculative industrial facility in Dallas.\" \/>\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\/eider-creek-jv-to-build-dallas-industrial-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eider Creek JV to Build Dallas Industrial Facility\" \/>\n<meta property=\"og:description\" content=\"Eider Creek Capital has teamed up with a real estate fund advised by Crow Holdings Capital for the construction of Mountain Creek East Logistics Center, a Class A speculative industrial facility in Dallas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/eider-creek-jv-to-build-dallas-industrial-facility\/\" \/>\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=\"2022-01-10T11:44:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:01:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/01\/Mountain_Creek_East_Logistics_Center-Dallas.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"796\" \/>\n\t<meta property=\"og:image:height\" content=\"607\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\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\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/\"},\"author\":{\"name\":\"Jackson Chen\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"headline\":\"Eider Creek JV to Build Dallas Industrial Facility\",\"datePublished\":\"2022-01-10T11:44:49+00:00\",\"dateModified\":\"2022-12-09T09:01:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/\"},\"wordCount\":335,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2022\\\/01\\\/Mountain_Creek_East_Logistics_Center-Dallas.jpg\",\"keywords\":[\"CBRE\",\"Crow Holdings\",\"E-Commerce\",\"Westmount Realty Capital\"],\"articleSection\":[\"Dallas\",\"Development\",\"Industrial\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/eider-creek-jv-to-build-dallas-industrial-facility\\\/\",\"name\":\"Eider Creek JV to Build Dallas Industrial Facility - 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