Advertisement
This is member-exclusive content
icon/ui/info filled

businessReal Estate

Google leases 1.1M square foot warehouse as part of D-FW push

Three of the largest leases signed in the state this year were in D-FW. Two belong to Google.

Google signed a lease for a 1.1 million square foot warehouse in west Fort Worth — one of the largest leases in Texas this year.

The California-based company began leasing the warehouse at the 520-acre Majestic Silver Creek Business Park on Oct. 1, according to commercial real estate data provider CoStar.

The facility was built in 2023 by Majestic Realty, a California-based firm with D-FW offices that handle real estate at the Fort Worth Stockyards. The business park is located near Loop 820 and Silver Creek Road. Majestic and Google did not immediately respond to a request for comment.

Advertisement

It is Google’s second large lease this year in Dallas-Fort Worth. The company also signed a lease for a more than 1 million-square-foot facility at Building 1 of the Northlake 35 Logistics Park.

D-FW Real Estate News

Get the latest real estate news you need to know.

Or with:

Renovation work at that site began earlier this year, according to a filing with the Texas Department of Licensing and Regulation. Estimated construction costs for the interior finish-out was just over $20 million.

Advertisement

The two facilities will likely be used to house data center materials as Google plans to expand its data center campuses in Red Oak and Midlothian, said Cody Gibbs, CoStar’s director of market analytics for Dallas-Fort Worth.

Google said it plans to invest $1 billion in Texas to support its D-FW data centers and other operations. The investment is set to help meet the company’s growing demand for artificial intelligence, Google Cloud and products like its search engine, Google Maps and Workspace.

Google’s two D-FW leases are among the top five largest new leases signed in Texas this year. The Majestic Silver Creek lease is behind only two Houston transactions, Gibbs said.

Advertisement

“North Texas in general has been incredibly strong for these million-square-foot-plus deals. Three out of five of the state’s largest new leases signed in 2024 were made here in Dallas-Fort Worth — including Post Consumer Brand’s 1.1 million (square foot) distribution center in Wilmer announced at the start of the year,” he said.

Data center space under construction in Dallas-Fort Worth hit record levels during the first half of 2024. It has the second largest data center inventory in the country behind Northern Virginia and ranked sixth in net leasing activity, according to CBRE’s latest North American Data Center Trend Report.

Related Stories
Read More
Dallas-based Precision Investments recently closed on five D-FW shopping centers. Dan...
Sales, deals, leases: What’s new and interesting in Dallas' real estate scene
Several transactions were announced in the last few weeks.
Vipin Nambiar,  founder of HN Capital Partners, poses for a portrait, on Friday, Dec. 20,...
Inside a developer’s plan to bring NYC’s Meatpacking District to Dallas
The 30- and 17-story Design District towers herald a sign of more things to come.
Crowds being to fill the AT&T Discovery District in downtown Dallas on eclipse day, April 8,...
AT&T orders more U.S. employees to return to office 5 days a week in 2025
The Dallas-based firm’s change comes as retail Amazon is delaying its return to office mandate.