CapRock Partners Breaks Ground on 250,000-Square-Foot Industrial Real Estate Project in McKinney, Texas

McKINNEY, Texas — May 18, 2026 — CapRock Partners has broken ground on McKinney Air Business Park, a Class A, two-building shallow-bay industrial real estate development totaling approximately 250,000 square feet in McKinney, Texas. The project represents the Newport Beach, California-based firm's second ground-up real estate development in Texas and is targeted at rising tenant demand in the Northeast Dallas industrial submarket.

CapRock Partners acquired the 15.3-acre site in Summer 2025. The project is scheduled for delivery in the first quarter of 2027.

Project Specifications and Location

McKinney Air Business Park will consist of two rear-load buildings designed to serve logistics, distribution, light manufacturing, and service-oriented users. The buildings will feature 32-foot clear heights, ESFR sprinkler systems, LED lighting, dock-high loading positions, 130-foot truck courts, and automobile parking intended to accommodate a range of industrial tenants.

The project is located approximately 30 miles north of downtown Dallas, adjacent to McKinney National Airport and fronting the future Spur 399 corridor — an eight-lane freeway currently under construction by the Texas Department of Transportation that will connect U.S. Highway 75 to U.S. Highway 380. McKinney National Airport is also undergoing an expansion that includes a new passenger terminal, runway extension, and planned commercial air service expected to launch in late 2026.

Ben Wallace and Noah Dodge with Colliers are leading leasing efforts for the project.

CapRock's Texas Industrial Real Estate Pipeline

McKinney Air Business Park is CapRock Partners' second ground-up industrial real estate development in Texas. The firm recently announced the groundbreaking of Clay Road Business Park, a 483,128-square-foot Class A industrial development in Sunnyvale, Texas. The company states it currently has approximately 3 million square feet of industrial property acquired, under contract, or in development across Texas.

Since its founding in 2009, CapRock Partners reports a total investment and development pipeline exceeding 35 million square feet of industrial real estate across the Western and Central United States. The firm specializes in acquiring middle-market value-add industrial assets and developing large-scale institutional-quality Class A warehouse facilities.

Northeast Dallas Market Context

The Northeast Dallas industrial submarket has attracted a range of institutional owners and developers. Neighboring operators in the area include CBRE Investment Management, EastGroup Properties, Transwestern, Core5 Industrial Partners, and Dalfen Industrial, among others.

Executive Commentary

"McKinney is emerging as a significant North Texas location for industrial users, driven by population growth, expanding infrastructure investment, and increasing business activity," said Taylor Starnes, vice president of acquisitions at CapRock Partners. "As occupiers continue prioritizing well-connected, modern facilities in high-growth Texas submarkets, McKinney Air Business Park is well positioned to support evolving tenant needs while contributing to the area's long-term economic expansion."

Jon Pharris of CapRock Partners added: "North Texas continues to benefit from powerful long-term drivers, including corporate migration, job creation, infrastructure investment, and sustained population growth, all of which are fueling industrial demand across the region. As market fundamentals strengthen through positive absorption and easing supply pressures, we are excited to deliver modern industrial product in well-positioned submarkets like McKinney. McKinney Air Business Park reflects CapRock's commitment to building best-in-class industrial facilities designed for long-term performance and tenant flexibility."

About CapRock Partners

Founded in 2009 and headquartered in Newport Beach, California, CapRock Partners is a privately owned investor and developer of industrial real estate in the Western and Central United States. The firm focuses on acquiring middle-market value-add industrial assets, developing institutional-quality Class A industrial warehouse real estate, and providing third-party asset management services for institutional investors.