Stream Realty assigned leasing of one of the largest industrial business parks in Kaufman County
Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that they have been assigned the leasing of a proposed master-planned industrial business park, located on more than 280 acres with capacity to accommodate more than 3 million square-feet of space. The park will be one of the largest in Kaufman County, Texas, and on the eastern side of the Dallas/Fort Worth area with estimated economic investment that could exceed $200 million. The park is being developed by Wynne/Jackson, a real estate development firm.
Matthew Dornak, Managing Director at Stream in DFW, said, “Given the size, location and access to the site off I-20, Trinity Pointe will provide the product type diversity, access to one of the top labor pools in the metroplex, and major infrastructure needed to attract institution tenants.”
The proposed master-planned industrial park will develop six speculative buildings ranging from 120,000 square feet to more than 1 million square feet. In total, the industrial park could be home to more than 3 million square feet of space. The project will be an investment of more than $200 million for the land, infrastructure and construction.
Clyde Jackson, Wynne/Jackson President and CEO, said, “Wynne Jackson is very enthusiastic about expanding our 40 year development experience with Trinity Pointe Mesquite. We are very pleased to be developing in Mesquite and we are impressed with the quality of the City staff and their pro-business approach for industrial development in the community.” Jackson indicated the project will break ground in early 2021, but surging tenant demand could drive an accelerated earlier start date. He shared that the ability to develop multiple buildings that is more than 1 million square feet is a very attractive asset in today’s industrial market.
Dornak and Drew Feagin, Vice President, with Stream will lease the project on behalf of Wynne/Jackson.