{"id":1004689834,"date":"2023-11-10T04:02:53","date_gmt":"2023-11-10T12:02:53","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004689834"},"modified":"2023-11-10T06:22:55","modified_gmt":"2023-11-10T14:22:55","slug":"drinkpak-eyes-450m-expansion-in-dallas-fort-worth","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/","title":{"rendered":"$450M+ Project Plan Eyed at Trammell Crow Parks"},"content":{"rendered":"
\"DrinkPAK<\/a>

One of DrinkPAK’s new factories will open at 35 Eagle in Fort Worth, Texas. Image courtesy of DrinkPAK<\/em><\/p><\/div>\n

DrinkPAK<\/strong>, a West Coast-based manufacturer of canned beverages, is investing about $452 million in North Texas, where it will expand its operations with two locations in the Dallas-Fort Worth area totaling approximately 2.8 million square feet.<\/p>\n

The company\u2019s investment, which is expected to add 1,000 full-time jobs by 2026, is considered a significant milestone for DrinkPAK and the region\u2019s economic growth.<\/p>\n

The firm’s new factories, dubbed DP2 and DP3, will take shape at two Trammell Crow<\/strong> industrial developments\u201435 Eagle<\/a> in northeast Fort Worth and Carter Park East<\/a> in southeast Fort Worth. The locations are expected to produce various beverages, including energy drinks, sodas, waters, hard seltzers, canned cocktails, milk and milk-alternative beverages like canned cold brew and oat milk-based drinks.<\/p>\n

\n

READ ALSO<\/strong>: Multistory Warehouses\u2019 Future Is Looking Up<\/a><\/p>\n

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The 35 Eagle campus, which will have 1.5 million square feet and create 550 jobs, is slated to produce alcoholic and non-alcoholic drinks when it opens in November 2024. The 1.3 million-square-foot plant at Carter Park East is expected to open in January 2025 and create 450 jobs; DP3 is set to manufacture coffees, protein drinks, milk and alt-milk products including oat milk, almond milk and soy.<\/p>\n

Growing company<\/strong><\/h2>\n

DrinkPAK’s Dallas-Fort Worth investments will include $37 million in Phase One real property improvements by late 2026 and $183 million in business personal property by early 2027, the Dallas Business Journal<\/em> reported.<\/p>\n

According to the business publication, Fort Worth city officials have approved a 10-year tax abatement of up to 70 percent of incremental real and business personal property. These savings have an estimated value of approximately $21 million, if the company meets several requirements including offering jobs with a minimum annual salary of $70,000. DrinkPAK is expected to hire local residents for roles in production, batching, quality, maintenance, engineering and warehousing.<\/p>\n

Founded in 2020, DrinkPAK is headquartered in Santa Clarita, Calif. The company currently produces about 2.7 billion canned beverages a year, having 550 employees in California. In May 2021, the manufacturer expanded its footprint<\/a> at The Center at Needham Ranch in Santa Clarita, a newly built industrial park in the San Fernando Valley developed by TCC and Clarion Partners<\/strong>, boosting its total presence to 572,419 square feet. DrinkPAK now has 1.4 million square feet of production and warehousing space in California.<\/p>\n","protected":false},"excerpt":{"rendered":"

A West Coast-based manufacturer plans to build two plants in Texas.<\/p>\n","protected":false},"author":1068,"featured_media":1004689844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21808,21748,21783,21742,51973],"tags":[32790,35042],"class_list":["post-1004689834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-featured","category-industrial","category-investment","category-latest","category-southwest","tag-clarion-partners","tag-trammell-crow"],"acf":[],"yoast_head":"\n$450M+ Project Plan Eyed at Trammell Crow Parks - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"DrinkPAK is investing about $450 million in North Texas, where it will be expanding its operations with two locations in Dallas-Fort Worth.\" \/>\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\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$450M+ Project Plan Eyed at Trammell Crow Parks\" \/>\n<meta property=\"og:description\" content=\"DrinkPAK is investing about $450 million in North Texas, where it will be expanding its operations with two locations in Dallas-Fort Worth.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/\" \/>\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=\"2023-11-10T12:02:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-10T14:22:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/DrinkPak-facility_Fort-Worth-featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\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\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/\",\"name\":\"$450M+ Project Plan Eyed at Trammell Crow Parks - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/DrinkPak-facility_Fort-Worth-featured.jpg\",\"datePublished\":\"2023-11-10T12:02:53+00:00\",\"dateModified\":\"2023-11-10T14:22:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"description\":\"DrinkPAK is investing about $450 million in North Texas, where it will be expanding its operations with two locations in Dallas-Fort Worth.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/drinkpak-eyes-450m-expansion-in-dallas-fort-worth\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/DrinkPak-facility_Fort-Worth-featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/11\/DrinkPak-facility_Fort-Worth-featured.jpg\",\"width\":700,\"height\":524,\"caption\":\"DrinkPAK is planning to open the 35 Eagle facility in Fort Worth, Texas. 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