In partnership with Northwestern Mutual, Constellation Real Estate Partners has acquired 33.7 acres of land in the DFW Airport submarket in Texas. The land is located at 2100 Mustang Court in Southlake.
The company will demolish an existing fuel terminal to develop Constellation Mustang Crossing, a four-building, 546,000 square foot industrial project. Construction will begin in the first quarter of 2024 with completion scheduled for the first quarter of 2025.
Constellation Mustang Crossing was designed by Meinhardt & Associates and will include building sizes ranging from 103,000 square feet to 188,000 square feet. Constellation Mustang Crossing can accommodate a wide range of users from 30,000 sf to 188,000 square feet. It is six miles from the Dallas Fort Worth International Airport.
Constellations’s Scott Ellerman likes the DFW market, “We expect demand to continue as a result of strong fundamentals, like population growth, e-commerce growth, and rising inventory levels.”