New 250,000-square-foot Class A industrial project marks firm’s second ground-up development in Texas and targets rising demand in Northeast Dallas submarket
MCKINNEY, TEXAS – May 18, 2026 – CapRock Partners (“CapRock”), a privately-owned investor and developer of industrial real estate in the Western and Central U.S., today announced the groundbreaking of McKinney Air Business Park, a Class A, two-building shallow-bay industrial complex totaling approximately 250,000 square feet in McKinney, Texas.
The 15.3-acre project is CapRock’s second ground-up development in Texas as the firm continues its strategic expansion across key Central U.S. growth markets. CapRock acquired the site in Summer 2025. The project’s commencement aligns with strengthening market fundamentals and accelerating tenant demand in the Northeast Dallas industrial submarket.
Scheduled for completion in the first quarter of 2027, McKinney Air Business Park will deliver highly functional, modern industrial space designed to accommodate logistics, distribution, light manufacturing, and service-oriented users seeking strategic access throughout the Dallas-Fort Worth metroplex.
“McKinney is emerging as a significant North Texas location for industrial users, driven by population growth, expanding infrastructure investment, and increasing business activity,” said Taylor Starnes, vice president, acquisitions at CapRock Partners. “As occupiers continue prioritizing well-connected, modern facilities in high-growth Texas submarkets, McKinney Air Business Park is well positioned to support evolving tenant needs while contributing to the area’s long-term economic expansion.”
Upon completion, McKinney Air Business Park’s rear-load buildings will feature 32-foot clear heights, ESFR sprinkler systems, LED lighting, ample dock-high loading positions, 130-foot truck courts, and generous automobile parking designed to accommodate a wide range of industrial users.
Located approximately 30 miles north of downtown Dallas, the project is adjacent to McKinney National Airport and fronts the future Spur 399 corridor, an eight-lane freeway currently under construction by the Texas Department of Transportation that will connect U.S. Highway 75 to U.S. Highway 380. The project will also benefit from the airport’s ongoing expansion, which includes a new passenger terminal, runway extension, and planned commercial air service expected to launch in late 2026.
The surrounding Northeast Dallas industrial submarket has rapidly evolved into one of the premier institutional industrial markets within the Dallas-Fort Worth region. Neighboring institutional owners and developers include CBRE Investment Management, EastGroup Properties, Transwestern, Core5 Industrial Partners, Dalfen Industrial, and many others.
“North Texas continues to benefit from powerful long-term drivers, including corporate migration, job creation, infrastructure investment, and sustained population growth, all of which are fueling industrial demand across the region,” said Jon Pharris. “As market fundamentals strengthen through positive absorption and easing supply pressures, we are excited to deliver modern industrial product in well-positioned submarkets like McKinney. McKinney Air Business Park reflects CapRock’s commitment to building best-in-class industrial facilities designed for long-term performance and tenant flexibility.”
Ben Wallace, and Noah Dodge with Colliers are leading leasing efforts for McKinney Air Business Park.
CapRock Partners is among the most active industrial real estate investors and developers in the Western and Central U.S., with a total investment and development pipeline exceeding 35 million square feet since the firm’s founding in 2009. The company currently has approximately 3 million square feet of industrial property acquired, under contract, or in development across Texas, and recently announced the groundbreaking of Clay Road Business Park, a 483,128-square-foot Class A industrial development in Sunnyvale, 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.
