CapRock Partners Purchases Site near McKinney Airport

McKinney National Airport’s commercial terminal is years off, but the project is already inspiring industrial development plans.

California-based real estate firm CapRock Partners recently purchased 15 acres near the airport with plans for a business park that will cater to companies scouting suburban locations north of Dallas, the Dallas Business Journal reported.

Colliers’ Randy Wood represented the seller. Wood will also manage leasing alongside Noah Dodge and Ben Wallace. Terms of the sale were not disclosed.

McKinney Air Business Park will consist of two buildings spanning 250,000 square feet. The development will feature rear-load buildings with high clear heights, LED lighting, dock-high doors, 130-foot truck courts and parking. Construction is expected to start in the first quarter of 2026 and be completed in the first quarter of 2027.

The airport started construction on the $79 million, 46,000-square-foot commercial terminal earlier this summer. It’s supposed to be completed by 2031. The city said the project could accommodate up to 1 million passengers annually, providing an alternative to Dallas Fort Worth International and Love Field.

The airport expansion has inspired other industrial developments, too. Holley Development Company recently collected 461 acres nearby for an industrial development.

McKinney Air Business Park will enjoy easy access to the future Spur 399, an eight-lane freeway currently under construction that would connect U.S. 75 with U.S. 380.

The airport expansion project and construction of Spur 399 come as Collin County, home to McKinney, is growing residents by the bushel: the county added around 46,700 residents between July 2023 and July 2024, according to the latest U.S. Census Bureau estimates.

Caprock specializes in acquiring and developing industrial real estate in Texas, Colorado, Arizona, Utah, Nevada, California, Oregon and Washington. The company’s Texas portfolio includes about 2 million square feet of industrial space in various stages of development.

— Eric Weilbacher