CapRock Partners acquires site in East Dallas submarket for future industrial development

CapRock Partners has acquired a 32.5-acre site in Sunnyvale, Texas, part of the East Dallas industrial real estate submarket, for the future development of a new class A industrial park.

CapRock acquired the 32.5-acre site in an off-market transaction. Terms of the deal are not disclosed.

Marking CapRock’s first Texas development, plans call for three freestanding warehouse buildings totaling approximately 518,000 square feet, which will be named Clay Road Business Park.

The Sunnyvale acquisition is a notable milestone as the firm continues its strategic portfolio expansion in Texas and the Central United States. CapRock is one of the most active investors and developers in the Western and Central United States with a total investment and development pipeline of more than 32 million square feet of industrial real estate since 2009.

Clay Road Business Park will encompass three shallow-bay buildings with varying depths and sizes to accommodate various ten