One of the most successful business parks in North Texas is growing through its third phase of construction.
Developer and investor Crowe Holdings Industries is adding a wildlife business center in Grand Prairie.
Crowe Holdings began construction in 2014 on a business park on Beltway Road north of Interstate 30. The industrial development is on the former site of an international wildlife park that closed in the 1990s.
The Wildlife Trade Park has grown to 3.7 million square feet of industrial space.
And now Crowe Holdings is adding more than 200 hectares for the expansion of the industrial project. The proposed addition will increase the business park area by about a quarter.
“We’re going to build three new buildings that are over 1 million square feet,” said Will Mundinder, senior managing director of Crowe Holdings. “It’s been a huge success for us.
We have built 11 buildings there and are fully leased.
Much of the land added to the Wildlife Trade Park will be used for flood control, Mundinger said. The development site adjoins the Trinity River.
“We’ve started some of that floodplain protection,” he said. “Trinity hugs our progress to the south, and Bear Creek runs about a mile to the north.”
Grand Prairie Business Park is one of Crow Holdings’ largest North Texas industrial developments.
“We’ve had more success in Grand Prairie than anywhere else,” Mundinger said. “It’s in the middle of the metroplex.
“The labor pool in that area is a big part of the success,” he said. “There is plenty of labor available.”
In 2020, the developer sold its stake in the project to Allianz Real Estate.
“It was an opportunity to free up capital for other initiatives,” Mundinder said. We still own substantially all of the buildings in the park.
Crowe Holdings has industrial projects in several locations in the Dallas-Fort Worth area. Earlier this year, the company closed a new investment fund to build and buy more than 1.5 billion dollars of industrial properties around the country.
Crowe Holdings has built over 30 million square feet of warehouse space in nine US states.
In the year By 2021, Crowe Holdings has announced plans to build nearly $1 billion in American industrial projects in partnership with Abu Dhabi’s Mubadala Investment Company.
