Investor and developer Crow Holdings is eyeing a new industrial project in North Fort Worth.
The Dallas-based firm plans develop a two-building, 536,000-square-foot warehouse park near Interstate 35W on Downing Drive, according to fillings with the state.
The project is slated to start in early 2021 and will take about nine months to complete. The development is valued at more than $20 million.
Crow Holdings is a major warehouse developer with projects across the country.
The real estate firm recently sold 15 warehouse and distribution buildings to PGIM Real Estate in a deal valued at $425 million. The 4.7 million-square-foot sale includes buildings in the Dallas-Fort Worth area, Denver, Atlanta and Phoenix.
Crow Holdings recently partnered with Gruene Real Estate Partners and Weber & Co. to develop a three-building warehouse park in Haslet in Denton County north of Fort Worth.
And Crow Holdings Industrial said early this year that it would start an additional 10 million square feet of warehouse space in more than a dozen projects in 2020.
The North Fort Worth and AllianceTexas industrial districts are among the Dallas-Fort Worth area’s fastest-growing regions for warehouse and distribution space.
More than 30 million square feet of warehouse space is being built in the D-FW area.