Firm times market to deliver first ground-up construction project in Texas with new Class A warehouse complex
DALLAS – April 20, 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 Clay Road Business Park, a new state-of-the-art industrial warehouse complex in Sunnyvale, Texas. The three-building, approximately 483,128-square-foot Class A development marks CapRock’s first ground-up construction project in Texas, bolstering the firm’s extensive portfolio and continuing its intentional strategic expansion across the Central U.S.
Upon completion, scheduled for Q1 2027, Clay Road Business Park will bring highly functional, modern logistics and distribution space to the East Dallas industrial submarket, one of the region’s fastest-growing and most supply-constrained areas.
“Sunnyvale benefits from many of the same structural drivers that position DFW as one of the nation’s strongest industrial hubs, including exceptional transportation connectivity, access to a diverse labor pool and sustained demand for modern logistics space,” said Taylor Starnes, vice president of acquisitions at CapRock Partners. “Clay Road Business Park is well-timed to meet that demand with new Class A product, and we look forward to delivering a best-in-class asset for top-tier logistics and manufacturing users.”
Clay Road Business Park will include three shallow-bay industrial buildings ranging from 124,800 to 203,000 square feet, each designed to accommodate a broad mix of users. The buildings will feature 32- to 36-foot clear heights, ESFR sprinklers, ample power, and a generous combination of dock-high level loading, trailer parking, and car parking. Exterior architecture and interior finishes will reflect CapRock’s institutional-quality design standards, appealing to regional and national tenants seeking functional distribution, logistics, and light manufacturing operations.
Located at 101 Clay Road, the property is approximately 15 miles east of Downtown Dallas and 35 miles from Dallas–Fort Worth International Airport, offering efficient access to Highway 80, a critical east–west corridor serving DFW’s industrial supply chain. The surrounding area is home to major distribution and logistics users including FedEx Freight, Lineage Logistics, Daltile, Pep Boys, and General Dynamics, as well as prominent institutional owners such as Blackstone, Clarion, Exeter, Goldman Sachs, Prologis, and others.
The East Dallas/Sunnyvale industrial submarket has experienced significant tenant demand in recent years driven by population growth, strong manufacturing activity, and increased preference for infill-adjacent locations with accessible labor. Limited new development, especially of modern shallow-bay product, has kept vacancy below long-term averages and supported healthy rent performance.
“The development of Clay Road Business Park is an important milestone in CapRock Partners’ strategic growth in the Central U.S.,” said Jon Pharris, co-founder and president of CapRock Partners. “We are focused on scaling our platform with more institutional-quality industrial assets in markets like Dallas-Fort Worth where long-term fundamentals support disciplined development and durable investment performance.”
CapRock Partners is one of 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 2009. The firm currently has approximately 3.0 million square feet of industrial property acquired, under contract or in development across Texas as it continues to pursue strategic opportunities in key growth markets nationwide.
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.
