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Mesquite, TX – January 14, 2020 – On Jan. 13, Urban Logistics Realty broke ground on Urban District 30, a nearly one million square foot industrial park. The project is expected to generate more than 500 jobs in Mesquite.
City of Mesquite Mayor Bruce Archer said, “The City Council’s focus includes more jobs and economic growth in our community. This project and partnership supports that focus.”
Urban District 30 will consist of a five-building, 980,000 square-foot industrial business park along Interstate 30. Urban District 30 will offer a variety of building configurations to tenants appealing to a wide variety of businesses looking for space. The new economic development project is expected to be complete in the third quarter of 2020.
The project is a joint venture between Urban Logistics Realty, a newly formed Dallas-based investment firm focused on industrial acquisitions and development, and a private real estate equity fund advised by Crow Holdings Capital.
Jason Nunley, co-founder of Urban Logistics Realty said, “We’re thrilled to have begun construction on this project and are grateful for the help from the City of Mesquite. As one of the last remaining opportunities in East Dallas for investors to obtain urban in-fill locations with substantial scale, Urban District 30 is a great addition to the DFW industrial market.”
Stream Realty will oversee the leasing and management of the project. Additional partners in the development include MYCON General Contractors and GSR Andrade Architects.