Key Takeaways
- • Trammell Crow Company (TCC) and joint venture partner PGIM have broken ground on Lake Vista Technology Park, a three-building, 316,333-square-foot industrial park in Lewisville, Texas, near Dallas Fort Worth International Airport.
- • Comerica Bank is providing construction financing for the project, which is expected to deliver by the fourth quarter of 2026.
- • The approximately 20-acre site at the southwest corner of Interstate 35 West and State Highway 121 will offer three rear-load buildings with 32-foot clear heights, totaling 316,333 square feet.
- • The project replaces two vacant office buildings and two parking garages on Lake Vista Drive, which will be demolished before vertical construction begins.
- • CBRE's Steve Trese and Wilson Brown are marketing and leasing the space, and TCC is pursuing LEED certification for all three buildings.
Summary
Trammell Crow Company (TCC), a commercial real estate developer, and its joint venture partner PGIM have broken ground on Lake Vista Technology Park in Lewisville, Texas, according to the project announcement. The three-building industrial park spans 316,333 square feet on approximately 20 acres at the southwest corner of Interstate 35 West and State Highway 121, a few miles northeast of Dallas Fort Worth International Airport. The development is expected to deliver by the fourth quarter of 2026, with Comerica Bank providing construction financing.
The facility comprises three rear-load buildings, each with 32-foot clear height: Building 1 at 122,820 square feet with a 200-foot depth, Building 2 at 126,693 square feet with a 270-foot depth, and Building 3 at 66,820 square feet with a 160-foot depth. The project will feature elevated front entries with glass across each building, heavy perimeter landscaping, and access to the Lake Vista jogging trail. TCC is pursuing LEED certification for all three buildings.
The park will replace two vacant office buildings and two parking garages along Lake Vista Drive, which will be demolished prior to vertical construction. Scott Krikorian, Senior Managing Director for TCC in Dallas-Fort Worth, described the infill site as a rare opportunity in a high-demand market with immediate access to major transportation corridors, a skilled labor pool, and a strong business ecosystem. Soultana Reigle, Head of U.S. Equity for PGIM's real estate business, said the project represents a strategic opportunity in a high-growth, supply-constrained market near one of the country's busiest airports.
Project team members include Alliance Architects as architect, Peinado Construction as general contractor, Halff as civil engineer, Studio Green Spot as landscape architect, and SSI as geotechnical engineer. CBRE's Steve Trese and Wilson Brown are marketing and leasing the project.
The facility comprises three rear-load buildings, each with 32-foot clear height: Building 1 at 122,820 square feet with a 200-foot depth, Building 2 at 126,693 square feet with a 270-foot depth, and Building 3 at 66,820 square feet with a 160-foot depth. The project will feature elevated front entries with glass across each building, heavy perimeter landscaping, and access to the Lake Vista jogging trail. TCC is pursuing LEED certification for all three buildings.
The park will replace two vacant office buildings and two parking garages along Lake Vista Drive, which will be demolished prior to vertical construction. Scott Krikorian, Senior Managing Director for TCC in Dallas-Fort Worth, described the infill site as a rare opportunity in a high-demand market with immediate access to major transportation corridors, a skilled labor pool, and a strong business ecosystem. Soultana Reigle, Head of U.S. Equity for PGIM's real estate business, said the project represents a strategic opportunity in a high-growth, supply-constrained market near one of the country's busiest airports.
Project team members include Alliance Architects as architect, Peinado Construction as general contractor, Halff as civil engineer, Studio Green Spot as landscape architect, and SSI as geotechnical engineer. CBRE's Steve Trese and Wilson Brown are marketing and leasing the project.
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