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Tuesday, June 03, 2014
Jackson-Shaw starts work on large business park near D/FW Airport
Jackson-Shaw has begun work on a 30-acre, 511,500-square-foot building at Royal Lane in Irving, which is expected to be completed by the end of this year.
Dallas-based developer Jackson-Shaw has begun the initial phase of a business park near Dallas/Fort Worth International Airport that will total 70 acres and more than 1 million square feet of space upon completion.
The tract, named Parc Royal, is one of the last remaining parcels of land near the airport.
Jackson-Shaw has begun work on a 30-acre, 511,500-square-foot building at Royal Lane in Irving, which is expected to be completed by the end of this year. The developer also plans to build a 641,500-square-foot building on 40 acres adjacent to the initial site.
The Dallas/Fort Worth International Airport continues to be a significant economic driver and vacancies in the surrounding area are at a 30-year low, said Jason Nunley, vice president of development for Jackson-Shaw.
The new business park is near Parc 114, a 52-acre master-planned business park thatJackson-Shaw completed in 2012.
Jackson-Shaw is partnering with Boston-based GID Investment Advisor LLC for the project. Texas Capital Bank is financing the project. Mycon General Contractor Inc. is the general contractor.
Blake Kendrick of Stream Realty Partners is overseeing the leasing of the new business park .