Developers have broken ground on a new business park in Rockwall.
A duo of development firms, Atlanta-based Seefried Properties and San Antonio-based USAA Real Estate, have started the first phase of construction on Rockwall Park 30, a 23-acre site located off of I-30 & Data Drive. The two-building, 315,000-square-foot industrial warehouse project has a planned completion date of fall 2023.
The two developers have experience working together in North Texas and teamed up early last year to tackle a big-box industrial warehouse on I-20 in Dallas, as reported by The Dallas Morning News. The project was designed around large timber beams meant to evoke the feel and essence of warehouse structures of the late 1800s.
Besides the timber-built warehouse project in the city, Seefried Properties and USAA Real Estate have also worked together on a multi-building add-on at the East Gate Logistics Center in Forney. The project is currently under construction and is targeted for completion during Q4 of 2023.
Seefried Properties is “thrilled” to be teaming up with USAA Real Estate once again to develop new products in one of the fast-growing parts of the Metroplex, said Jonathan Stites, senior vice president at Seefried.
Dallas-based architectural firm Pross Design Group led the design work for Rockwall Park 30, while Sugar Land-based EE Reed Construction served as the general contractor for the project. KBC Advisors is handling the leasing of the facilities.
North Texas is the nation’s fastest-growing industrial building market, with about 87 million square feet of warehouse and distribution space under development, according to a report by commercial property firm Avison Young.
While industrial building demand in North Texas has surged across DFW, modest office deliveries characterized the metroplex in 2022, although construction activity remained steady.
Overall, the region expects to break ground on a total of 6.1 million square feet of development projects in anticipation of potential market demand in 2023 and beyond.