TCC and PGIM Real Estate Break Ground on 316K-SF Industrial Park Near DFW Airport

Trammell Crow Company (TCC), a leading 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-SF rear-load facility with 32-foot clear height and 200-foot depth
• Building 2: 126,693-SF rear-load facility with 32-foot clear height and 270-foot depth
• Building 3: 66,820-SF 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.”

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 Teracon 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.”

About PGIM
PGIM, the global asset management business of Prudential Financial, Inc. (NYSE: PRU) is built on a 150-year legacy of strength, stability, and disciplined risk management through more than 30 market cycles. Managing more than $1.44 trillion in assets,¹ PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate and other retail investment vehicles. With 1,450+ investment professionals across 42 offices in 19 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.

PGIM’s real estate business is the world’s third-largest real estate investment manager, with $213 billion in gross assets under management and administration,² and real estate professionals located in 30+ cities worldwide. Through our full suite of real estate equity and debt solutions, we aim to achieve exceptional outcomes on behalf of investors and borrowers. Our uncompromising commitment to building lasting relationships with our clients is founded on trust, transparency, and mutual respect.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

¹ As of June 30, 2025.
² As of June 30, 2025. Net AUM is $138 billion and AUA is $47 billion. PGIM Real Estate is the third-largest real estate investment manager (out of 72 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published October 2024. This ranking represents AUM as of 6/30/24. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.