CapRock Partners is pressing ahead with a roughly $30 million industrial play right next to McKinney National Airport, with plans to break ground this spring on about 15 acres and bring roughly 250,000 square feet of Class A shallow-bay space to market. The McKinney Air Business Park is set to offer small-to-mid bay suites, from around 20,000 square feet up to nearly 140,000, aimed at logistics, light manufacturing and distribution tenants.
CapRock detailed the project in a recent announcement, and the development has been pegged at about $30 million with construction expected to kick off this spring, according to the Dallas Business Journal. In an August company release, CapRock said it had acquired roughly 15.3 acres for the site and tapped Colliers to lead leasing, as outlined by CapRock Partners.
Project details and specs
The plan calls for two rear-load buildings outfitted with high clear heights, early suppression fast response sprinklers, LED lighting, ample dock-high doors, 130-foot truck courts and generous auto parking. Those specs are meant to keep loading and circulation efficient and to appeal to a wide range of industrial users, according to Community Impact.
Why developers are piling in
The site sits directly next to McKinney National Airport, which is in the middle of a multi-phase expansion that includes a planned new terminal and runway work. That growth has helped spark a land rush around the airport as developers quietly assemble nearby sites. Local reporting also points to the future Spur 399 connector and a string of large land buys in the corridor as major reasons industrial players are circling the area, according to The Dallas Morning News.
Market context
Developers say demand for small-to-mid bay industrial space has stayed resilient even as borrowing costs wobble, which is why speculative projects like this are still getting greenlit. That calculation, combined with CapRock’s broader Texas pipeline, helps explain why the firm is pushing forward “despite uncertainty around interest rates,” as reported by the Dallas Business Journal. Trade coverage has also highlighted sustained low vacancy in sub-150,000-square-foot product, according to REBusinessOnline.
Timeline and what’s next
CapRock’s materials and local coverage indicate the firm planned an early-2026 start, targeting a first-quarter 2026 groundbreaking and a construction schedule of roughly one year. That timeline would put completion around the first quarter of 2027, a window cited in project coverage including The Real Deal. Colliers is listed as the leasing agent in the project materials, per The Real Deal…