Lakeview Business District—a new seven-building, 1.8 million-square-foot, 165-acre business park—is slated to break ground in March in North Shore Rowlett, northeast of Dallas.
Miles Terry
Jackson-Shaw, a national real estate development company headquartered in North Texas, announced the master-planned project Tuesday. It will be built in two phases along President George Bush Turnpike at Merritt Road and Liberty Grove Road in Rowlett, the company said.
“Lakeview is a prime location in the middle of the nation’s fastest-growing counties and adjacent to the Garland labor pool,” Jackson-Shaw VP of Development Miles Terry said in a statement. “Combined with strong market fundamentals and need for product in this area, Lakeview is poised to become a major economic hub.”
Construction is set to begin in March for Phase 1 of the project, which will feature five buildings totaling more than a million square feet of Class A industrial space with a mix of front/rear load and cross docks, Jackson-Shaw said.
“State-of-the-art spaces” will feature a modern building design with “oversized glass entries” and ample car and truck parking, while offering direct access to President George Bush Turnpike and proximity to Interstate 30, the company added. The buildings sizes will range from 88,000 to 417,000 square feet.
Rowlett Mayor Blake Margolis says his city is excited the economic development the business park could bring.
Anticipating 1,000 net new jobs and over $74 million in tax revenue
“In the coming years, Lakeview Business District will provide an estimated 1,000 net new jobs, more than $74 million in tax revenue, and be a catalyst to more development in North Shore,” the mayor added in a statement. “Offering prominent visibility, ease of access, and a strong community environment, businesses in North Shore will enjoy all DFW has to offer, with far lower occupancy costs than highly urban or coastal options.”
Compatriot Capital is the equity partner on the project, Jackson-Shaw said. Peinado Construction is the general contractor, Pross Design Group is the architect, Hunt & Joiner is the structural engineer, Kimley Horn is the civil engineer, and Bank OZK and Affinius Capital LLC provided the financing.
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