A Dallas-based real estate firm plans to build a $130 million industrial campus in McKinney after buying 118 acres along U.S. Highway 75.
Formation Interests LLC purchased the property at the northeast corner of U.S. 75 and Spur 195, also known as Laud Howell Parkway, on May 22.
The company plans to develop a six-building, 715,000-square-foot industrial campus called Gateway at Formation Park, according to a Dallas Business Journal report republished by WFAA.
The project could begin construction this summer, pending city permits and contractor selection.
The first phase would include three buildings totaling 450,000 square feet and could open next summer. Formation expects to complete both phases within about 36 months.
McKinney Growth Push Continues
The project adds another major commercial development to McKinney’s growth pipeline.
Formation described the site as a future corporate campus designed for businesses looking to expand into the North Texas market.
The development comes as McKinney continues to attract major real estate and infrastructure investment.
As previously reported by The Dallas Express, the funding needed to begin a major expansion at McKinney National Airport was secured last year. The project is expected to support McKinney’s push to bring commercial passenger service to the city.
The airport expansion has also drawn political and legal scrutiny from residents concerned about public funding and long-term growth impacts, as previously reported by The Dallas Express.
Industrial Demand Moves North
McKinney has become an increasingly active target for industrial and commercial development as growth pushes farther north across Collin County.
CapRock Partners announced earlier this month that it had broken ground on McKinney Air Business Park, a two-building industrial project totaling about 250,000 square feet near McKinney National Airport.
Formation’s Gateway at Formation Park project would add more than twice that amount of new industrial space along one of the city’s major highway corridors.
The new campus also follows broader recognition of McKinney’s real estate strength. As previously reported by The Dallas Express, WalletHub ranked McKinney as the top real estate market in America in 2025.
The $130 million project now places another major industrial bet on McKinney’s continued growth.
