Industrial real estate firm expands Texas portfolio with McKinney Air Business Park, positioned to meet rising tenant demand in high-growth submarket
MCKINNEY, TEXAS – August 13, 2025 – CapRock Partners (“CapRock”), a privately-owned investor and developer of industrial real estate in the Western and Central U.S., announces its acquisition of 15.3 acres in McKinney, Texas for the development of McKinney Air Business Park, a Class A two-building, shallow-bay industrial complex totaling approximately 250,000 square feet. Groundbreaking is planned for Q1 2026.
“CapRock Partners is excited to bring a new, in-demand industrial center to one of the DFW metroplex’s most dynamic industrial areas,” said Taylor Starnes, Vice President of Acquisitions at CapRock Partners. “McKinney continues to attract logistics providers, manufacturers, and distributors seeking modern, well-connected facilities. With its strategic location near major transportation routes and a growing economic base, McKinney Air Business Park will help drive business expansion and regional growth.”
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 2.0 million square feet of industrial space acquired, under contract, or in development. In 2025, the firm entered the Houston market with the acquisition of 524,199-square-foot Kennedy Greens Distribution Center and continues to pursue strategic investments across key growth markets in the Western and Central U.S. CapRock is also preparing to break ground on Clay Road Business Park in Q4 2025, a 32.5-acre site in Sunnyvale, Texas, within the East Dallas submarket. This Class A industrial park will feature three free-standing warehouse buildings totaling approximately 500,000 square feet, marking CapRock’s first ground-up development in Texas.
ABOUT CAPROCK PARTNERS
Founded in 2009 in Newport Beach, Calif., CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. The company specializes in acquiring middle-market value-add industrial assets, developing large-scale institutional-quality Class A industrial warehouse facilities in key locations, and providing third-party asset management services for institutional investors. The firm is actively acquiring land for development and middle market value-add assets across the Western and Central U.S. Since inception, its total investment and development pipeline exceeds 35 million square feet of industrial real estate. Follow the company on Facebook, LinkedIn, X and Instagram.
