Constellation Real Estate Partners, in collaboration with Northwestern Mutual, has made a significant move in the booming Dallas-Fort Worth (DFW) industrial market. The partnership has successfully acquired a prime 33.7-acre land parcel situated in the highly sought-after DFW Airport submarket of Texas. The strategic location at 2100 Mustang Court in Southlake is set to become the site of a cutting-edge industrial development.
The acquired land, currently occupied by a fuel terminal slated for demolition, will be transformed into Constellation Mustang Crossing. This ambitious project will encompass four state-of-the-art industrial buildings, totaling an impressive 546,300 square feet. Construction is scheduled to commence in the first quarter of 2024, with an anticipated completion date in the first quarter of 2025.
Designed by Meinhardt & Associates, Constellation Mustang Crossing will offer a range of building sizes, from 103,000 to 188,100 square feet, catering to diverse tenant needs. The development is pursuing LEED Certification, underscoring a commitment to sustainability. Key features include 28 to 32-foot clear heights, a parking ratio of 1.22 per 1,000 square feet, ESFR sprinkler systems, and energy-efficient LED lighting. The flexible design of Constellation Mustang Crossing can accommodate users requiring spaces from 30,000 square feet up to 188,000 square feet.
The location of Constellation Mustang Crossing offers exceptional logistical advantages. Situated just 1.5 miles from the convergence of Hwy 114 and Hwy 121, the site provides seamless connectivity to surrounding communities. Furthermore, its proximity to Dallas Fort Worth International Airport, a mere six miles away, enhances its appeal for businesses reliant on efficient transportation and distribution networks.
Scott Ellerman, Senior Vice President at Constellation Real Estate Partners, highlights the compelling market dynamics driving this development: “The Dallas Fort Worth industrial market has witnessed unprecedented expansion in recent years. We anticipate continued robust demand, fueled by strong underlying factors such as population growth, the ongoing surge in e-commerce, and increasing inventory requirements.”
Dosch Marshall Real Estate, represented by Joey Tyner and Tom Dosch, facilitated the land acquisition on behalf of Constellation Real Estate Partners. JLL’s Kurt Griffin, Nathan Orbin, Dalton Knipe, and Weston King will spearhead the leasing efforts for this highly anticipated industrial development, Constellation Mustang Crossing, further solidifying Constellation Real Estate Partners’ presence in the thriving DFW market.
