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8/15/25
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CapRock Partners purchased 15.3 acres in McKinney, TX for the development of McKinney Air Business Park, a Class A, two-building, shallow-bay industrial complex totaling approximately 250k sf. Groundbreaking is planned for Q1 2026.
Located 30 miles north of downtown Dallas, the project is adjacent to McKinney National Airport and near the future Spur 399, an eight-lane freeway now under construction by the Texas Department of Transportation that will link US 75 to US 380. The industrial park will benefit from the airport’s ongoing expansion, which includes a new terminal, a runway extension, and commitments from two commercial passenger carriers.
The site is in the thriving Northeast Dallas industrial submarket, now recognized as one of the premier institutional submarkets in DFW. Neighboring owners include CBREIM, EastGroup, Transwestern, Core5, Dalfen Industrial, and Greystar.
McKinney’s pro-business environment, low taxes, and streamlined regulations make it an attractive destination for companies. Recognized as one of the best places to live in America, the city draws top talent and offers economic development incentives supporting relocation, expansion, infrastructure, and site development. Its diverse economy spans healthcare, technology, manufacturing, and retail, creating a broad market for industrial users.
At completion, McKinney Air Business Park’s rear-load buildings will feature high clear heights, ESFR sprinklers, LED lighting, ample dock-high doors, 130-foot truck courts, and generous auto parking to accommodate a variety of industrial users.
“Texas is a cornerstone of CapRock’s long-term investment strategy,” said Jon Pharris, Co-Founder and President of CapRock Partners. “We are committed to delivering institutional-quality industrial space in the state’s most competitive, high-growth markets, designing projects that meet today’s needs while anticipating the evolving demands of tenants, investors, and the U.S. supply chain.”
Randy Wood of Colliers represented the land seller. Terms were not disclosed. Colliers’ Ben Wallace, Randy Wood, and Noah Dodge will lead leasing for McKinney Air Business Park. CapRock’s Texas portfolio now includes approximately 2 msf of industrial space acquired, under contract, or in development.
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