LEWISVILLE, TX — Trammell Crow Company (TCC), a commercial real estate developer, and joint venture partner PGIM, have broken ground on Lake Vista Technology Park, a three-building, 316,333-square-foot industrial park located near Dallas Fort Worth International Airport (DFW) in Lewisville, Texas. The development is expected to deliver by the fourth quarter of 2026. Comerica Bank is providing construction financing for the project.
Situated on approximately 20 acres at the southwest corner of Interstate 35 West and State Highway 121, Lake Vista Technology Park will feature three buildings available for lease:
- Building 1: 122,820-square-foot rear-load facility with 32-foot clear height and 200-foot depth
- Building 2: 126,693-square-foot rear-load facility with 32-foot clear height and 270-foot depth
- Building 3: 66,820-square-foot rear-load facility with 32-foot clear height and 160-foot depth
Lake Vista will feature elevated front entries with glass across the front of each building, heavy landscaping on the perimeter of the site, and access to the Lake Vista jogging trail. TCC is pursuing LEED certification for all three buildings. Lake Vista Technology Park will replace two vacant office buildings and two parking garages along Lake Vista Drive, which will be demolished prior to vertical construction.
“This infill site just a few miles northeast of DFW Airport offers a rare opportunity to develop in an infill, high-demand market with immediate access to major transportation corridors, a skilled labor pool, and a thriving business ecosystem,” said Scott Krikorian, Senior Managing Director for TCC in Dallas-Fort Worth. “Lewisville’s strategic location within the DFW Metroplex makes it especially attractive to future tenants seeking speed-to-market advantages, proximity to customers, and operational efficiency. We’re proud to partner with PGIM to bring Lake Vista Technology Park to life and contribute to the continued economic vitality of the DFW region.”
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Alliance Architects is serving as the project’s architect, Peinado Construction is the general contractor, Halff is the civil engineer, Studio Green Spot is the landscape architect, and SSI is the geotechnical engineer. Steve Trese and Wilson Brown of CBRE are marketing and leasing the project.
“We are thrilled about our partnership with Trammell Crow Company on the development of Lake Vista Technology Park,” said Soultana Reigle, Head of U.S. Equity for PGIM’s real estate business. “This project represents a strategic opportunity to invest in a high-growth, supply-constrained market near one of the country’s busiest airports. With demand for modern, well-located industrial space and TCC’s development expertise, Lake Vista Technology Park is well-positioned to attract a diverse mix of tenants and deliver long-term value for our investors.”
