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Constellation Real Estate Partners and Northwestern Mutual Acquire 33 Acres in the Dallas Fort Worth Airport Submarket


Constellation Real Estate Partners, in partnership with Northwestern Mutual, has acquired 33.7 acres of land located in the coveted 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, 546.3k sf state-of-the-art 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 103k sf to 188.1k sf. The project is designed to achieve LEED Certification and will feature 28 to 32-foot clear heights, 1.22/1,000 parking ratio, ESFR sprinkler systems, and LED lighting. Constellation Mustang Crossing can accommodate a wide range of users from 30k sf to 188k sf.

Constellation Mustang Crossing is ideally located approximately 1.5 miles from Hwy 114 and Hwy 121, providing convenient access to neighboring communities. It is also six miles from the Dallas Fort Worth International Airport.

Scott Ellerman, Senior Vice President at Constellation Real Estate Partners, noted, “The Dallas Fort Worth industrial market has experienced unparalleled growth in the past few years, and we expect demand to continue as result of strong fundamentals, like population growth, e-commerce growth, and rising inventory levels.”

Joey Tyner and Tom Dosch of Dosch Marshall Real Estate represented Constellation Real Estate Partners in the land acquisition. Kurt Griffin, Nathan Orbin, Dalton Knipe and Weston King of JLL will assist with the leasing of the new development.

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