Lee & Associates Negotiates 28,212 SF Industrial Lease in McKinney, Texas
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Dallas-Fort Worth continues to absorb the largest multifamily delivery pipeline in the country. Industrial along the I-35 corridor is clearing at competitive basis, and selective office is finding bids at deep discounts to replacement. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
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On the RET wire
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MCKINNEY, TEXAS — Lee & Associates has negotiated a 28,212-square-foot industrial lease in the northern Dallas suburb of McKinney. The building at 320 Wilmeth Road is part of McKinney Trade Center, a 22.5-acre develop…
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