Mesquite will have a new business park east of Dallas and could contribute to the growth of the industrial base in the area.
Leon Capital Group plans to build the Long Creek Industrial Park, a three-building project with more than 636,000 square feet. The planning documents have already been filed with the state, indicating that the company plans to start the project later this year.
The $18 million-plus project was designed by Ware Malcomb, a renowned Dallas architect. Malcomb has a rich portfolio and a solid reputation for designing buildings.
Leon Capital Group is not new to the construction business as a commercial property firm. The company has operated for over 13 years, building industrial and residential apartment projects.
Leon Capital purchased the Grand Prairie warehouse in 2021. The group’s website reveals that it actively seeks land sites in high-growth markets across the U.S. for Class A industrial development. The company is plugging its ability to take a long-term view of a business when investing in its systems and improving operations to impact the surrounding area.
According to its website, Leon is committed to a small business’s vision but bears the autonomy and flexibility to transform an investment idea into a profitable business.
The company is widely acknowledged and respected in Dallas for redeveloping the former Dallas Independent School District headquarters building. Leon Capital maintained a small part of the existing structures to act as offices and used the rest of the space to construct more than 300 apartment units along Ross Avenue.
Over the past five years, the property firm has invested more than $1.5 billion. Leon Capital believes in an asset’s long-term viability and its aggregated portfolio’s value: it targets pieces of land or spaces for a business in high-growth markets because of the growing need to add value to properties and companies.
Investors are moving around the eastern part of Dallas, including Forney and Mesquite, to find industrial buildings and sites to rekindle existing businesses or start new ones. More than 6 million square feet of industrial space in eastern Dallas is under construction.