Eider Creek Capital to build new industrial development in US

WCN Editorial Team 10 Jan 2022 NORTH AMERICA BUILDINGS

Eider Creek Capital and a real estate fund advised by Crow Holdings Capital are collaborating to construct a new industrial development in the Mountain Creek East Industrial Area in Dallas, US.

The partners have acquired four land parcels, totalling 25-acres, at Dan Morton Dr. and Crystal Lake Blvd for the new facility.

The new development, named Mountain Creek East Logistics Center, will be strategically situated along the eastern banks of TX-408 Spur with a full-diamond interchange that serves two essential East-West distribution corridors, Interstate 20 and Interstate 30, of the Dallas-Fort Worth area.

Construction work on the 467,541ft2 speculative industrial development is expected to be completed in August this year.

Eider Creek Capital stated that the investment in new industrial development represents the company’s commitment to develop Class A industrial buildings in one of most dynamic industrial submarkets in Dallas-Fort Worth area.

Eider Creek Capital managing partner Ben Doherty said: “Eider Creek Capital is excited to partner with Crow Holdings Capital on this speculative development and to construct a new state-of-the-art development in one of the DFW's most established industrial submarkets.”

Recently, Wharton Industrial purchased a 101-acre site in Mesa, Arizona for the development of a 1.5 million ft2 industrial park.

The project, to be named as ‘The [email protected]’, will include 11 buildings that will range from 65,000ft2 to 270,000ft2 and will also feature 73 trailer parking spaces; 1,429 car parking spaces; and 60ft speed bays.

---------------------------------------------------------------------------------------------------------------------

Illustration of the new Mountain Creek Logistics Center in Dallas. Credit: Business Wire.

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2022 GlobalData. All rights reserved.