By February, construction is scheduled to be complete on the third building at Mesquite 635, an industrial park on I-635 and U.S. 80 in Mesquite.
According to a Texas Department of Licensing and Regulation filing, the final building, an $80 million, 239,000-square-foot warehouse, began in July.
The other warehouses at the park total approximately 159,728 square feet and 156,144 square feet.
Mesquite City Council members in October 2021 approved a resolution with CH Realty IX-CE, a partnership between Creation Equity and Crow Holdings Capital, for the construction and development of the 38-acre site. At the time, the price tag for the entire project was $60 million.
Mesquite 635, according to the city’s website, is a joint venture between Crow Holdings, a real estate investment management and development firm, and Creation, an alternative investment and real estate development firm.
“Creation is extremely excited for its first project in the City of Mesquite and couldn’t have a better partner than Crow Holdings Capital,” Taylor Mitcham, then-vice president of Transactions for Creation, said in a 2021 news release. Mitcham is now the firm’s principal in Texas.
Dallas-based commercial real estate services firm Stream Realty Partners oversees leasing for Mesquite 635. According to Mesquite, the development is required to receive certificates of occupancy for all buildings by April 2026.
Neither Stream nor Creation Equity responded to questions about the final stage of construction or its leasing.
“This will be a Class A warehouse and office campus,” Mitcham said in the 2021 news release. “Because of our high level of design and construction, it will attract a different type of tenant. 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.”
HKS Inc., based in Dallas, is listed as the design firm for the third building.