Developers are banking on big growth at the expanding McKinney National Airport, which is slated for a new terminal with hopes of luring commercial airlines.
The latest is a 15-acre parcel near McKinney National Airport being earmarked for the development of a new industrial park.
CapRock Partners, a Newport Beach, Calif., real estate investor and developer, is planning to break ground on the newly acquired parcel in early 2026.
The development, called McKinney Air Business Park, will be a two-building shallow‑bay industrial complex spanning about 250,000 square feet.
“CapRock Partners is excited to bring a new, in-demand industrial center to one of the DFW metroplex’s most dynamic industrial areas,” Taylor Starnes, vice president of acquisitions at CapRock Partners, said in a statement. “McKinney continues to attract logistics providers, manufacturers, and distributors seeking modern, well-connected facilities. With its strategic location near major transportation routes and a growing economic base, McKinney Air Business Park will help drive business expansion and regional growth.”
Although the Dallas suburb’s plans for a commercial airport have stoked contention among residents, developers are clamoring to build industrial facilities in the area.
McKinney officials passed plans in May for a $79 million new terminal at the Collin County airport, even though voters rejected plans for a commercial terminal in 2023.
Between the airport and the extension of FM 546 around the east side of the airport, real estate companies are lining up with plans.
In June, Holley Development Co. announced the acquisition of 422 acres for light industrial and technology manufacturing uses in the area, calling the deal “one of the most significant” for the region this year.
With McKinney Air Business Park, CapRock’s Texas portfolio will include approximately 2 million square feet of industrial holdings, including a local 32-acre property in Sunnyvale set to break ground later this year.
“Texas is a cornerstone of CapRock’s long-term investment strategy,” CapRock president and co-founder Jon Pharris said in a statement. “We are committed to delivering institutional-quality industrial space in the state’s most competitive, high-growth markets, designing projects that meet today’s needs while anticipating the evolving demands of tenants, investors, and the U.S. supply chain.”
It isn’t just McKinney experiencing an industrial boom, either. Demand for light industrial facilities across Dallas-Fort Worth’s hottest submarkets is skyrocketing.
While some larger properties have struggled to find tenants, properties under 150,000 square feet are boasting vacancies at or below 10%, according to commercial real estate data firm CoStar.
Despite the appetite for more facilities in these desirable submarkets, limited land availability and increased borrowing and construction costs are leading to more competition among tenants and mounting rental rates.
