The Mesquite City Council approved terms Monday for the construction and development of a new $60 million business park called Mesquite 635 on a 38-acre space at U.S. Highway 80 and Interstate 635.
CH Realty IX-CE I Mesquite 635, an entity of Creation Equity, in partnership with a real estate fund advised by Crow Holdings Capital, will construct the Class A industrial campus at a highway interchange in Mesquite with high visibility and accessibility.
Construction for Mesquite 635′s three-building campus with 555,000 combined square feet will begin in late 2021, according to a city press release.
“The project has been designed to respect the neighbors with condensing the traffic in the middle of the property, away from the perimeter, highlighting the high-end building design to the highway exposure, as well as a number of landscape buffers,” said Taylor Mitcham, vice president of transactions with Creation Equity.
The park will feature two rear-load buildings and one front-load building with 32- to 36-feet clear heights, 185-feet truck courts and approximately 594 auto parking stalls.
LGE Design Group and its affiliate, LGE Design Build, are the architect and general contractor for the development, respectively.
“The City of Mesquite offers tremendous resources to attract tenants and developers; in particular, what might be the best combination of labor quality and availability in D-FW, and an economic development office that is actively promoting job creation and capital investment to the benefit of this community,” said Michael Balcom, director at Crow Holdings Capital.
