April 8, 2014

Crow Holdings Industrial Breaks Ground on 220-Acre Business Park in Grand Prairie

Developer has 1.2 Million Square Feet Under Construction in Metroplex

DALLAS (April 8, 2014) – Crow Holdings Industrial (CHI), an affiliate of Dallas-based Crow Holdings, recently broke ground on Phase I of Wildlife Commerce Park, a new 220-acre business park in Grand Prairie.  The first building, a 315,000-square-foot warehouse, is part of more than 1.2 million square feet CHI currently has under construction in the Metroplex.

“Wildlife Commerce Park is located in the middle of the Metroplex, offering quick access to regional population centers and the Interstate highway network,” said Will Mundinger III, Founding Partner of Crow Holdings Industrial. “We are seeing strong demand in the market for industrial space and breaking ground on a project of this scale shows our commitment to furthering the Crow Family’s legacy of industrial development.”

Crow Holdings created CHI as a separate affiliate company to focus on growing an industrial development portfolio. The Crow Family has had a prominent role as industrial developers and investors in the United States and Dallas in particular, dating back to Mr. Trammell Crow’s first warehouse in Dallas in 1948.

When completed, Wildlife Commerce Park will be home to 2.8 million square feet of industrial space in nine buildings.  An alternative plan allows for a 1.7 million square-foot warehouse, which is the largest available warehouse site in the Metroplex. The completed industrial park will feature a 100 acre lake, interior roadways and infrastructure which will be constructed by CHI.

“This is a tremendous project for Grand Prairie,” said Grand Prairie Mayor Ron Jensen. “We have decades of history with Crow Holdings and are confident in their vision for this key property.  Located right across the street from Lone Star Park, Verizon Theater, QuikTrip Ballpark and our Tourist Center, the location is great for a business park with a retail element.  It offers easy access and lots of visibility.”

Located on the site of the former International Wildlife Park north of I-30 on Belt Line Road, the park is undergoing the largest flood-plain reclamation project in the area, with over 3.7 million cubic yards of dirt being added to the site.

Construction has begun on the park’s first building, a 315,000-square-foot Class A warehouse. Designed for potential manufacturing and distribution tenants, the concrete tilt wall building will feature ample dock doors and trailer storage. CHI also is pursuing LEED certification for the project.  CHI anticipates breaking ground on the park’s second building in 2014. Phase II of Wildlife Commerce Park is a 58-acre site being marketed for retail development.  In addition to CHI, O’Brien Architects, Halff Associates, Pritchard Associates, RPMx Construction, TBG Partners and Alston Construction are working on the project.

CHI’s additional Grand Prairie projects include a 419,520-square-foot building at 1025 Post & Paddock which is currently under construction, with a scheduled completion date of July 2014. The building, situated on more than 24 acres, is located on one of the few industrial land sites outside of DFW International Airport that is designated with Foreign Trade Zone status. CHI also acquired and renovated a 117,050-square-foot warehouse at 1201 Avenue S.

In addition to its work in Grand Prairie, CHI has begun work in Flower Mound at its Lakeside Ridge development. There are currently two buildings under construction, totaling 450,000 square feet; 40,000 square feet of which has been leased to Whitlock, a global AV solutions provider. The site has an additional 100,000-square-foot building pad ready.

CHI is focused on the development of speculative and build-to-suit warehousing, distribution and manufacturing facilities in the Dallas-Fort Worth Metroplex, Houston and other major distribution markets.