Lovett and Crow Holdings Break Ground on Interchange 80
Lovett Industrial, a Houston-based real estate investment firm, in partnership with a real estate fund advised by Crow Holdings Capital, has officially begun construction on Interchange 80, a 14.02-acre urban infill development in Mesquite, Texas.
Located at the northeast corner of US 80 and Interstate 635, Interchange 80 is positioned as a Class A logistics facility. This site is the last available land parcel at this interchange, providing future tenants with prime visibility and branding opportunities. The facility will consist of a 203,169-square-foot rear-load building featuring a 32-foot clear height, a 6-inch reinforced concrete slab, and 40 dock-high doors. Additionally, it will offer a 130-foot truck court and up to 72 trailer parking spaces, depending on tenant needs.
Bennett See, Dallas-Fort Worth Market Leader at Lovett Industrial, expressed excitement about the project, stating, “We are fortunate to be able to offer a logistics facility that has unrivaled visibility in an irreplaceable location within the City of Mesquite. Mesquite offers a wonderful pro-business environment, fantastic infrastructure, and a very strong workforce. This opportunity could not have come to fruition without a fantastic partnership with the City of Mesquite. We are excited to continue to attract and grow the robust tenant base in Mesquite and look forward to continuing to grow our partnership with the City of Mesquite.”
Interchange 80 is expected to be completed by the fourth quarter of 2025, with leasing options available for tenants requiring spaces from 67,723 square feet to 203,169 square feet. This range of leasing options aims to accommodate a variety of businesses, from mid-sized companies to larger enterprises.
Marketing and leasing for Interchange 80 are being exclusively managed by Brett Lewis, Taylor Stell, and Alex Wilson of Lee & Associates. Texas Capital Bank is providing construction financing, with Conlan Construction serving as the General Contractor. LGE Design has been appointed as the lead architect, while Kimley-Horn and Associates is overseeing the project’s civil engineering.
Interchange 80 marks Lovett Industrial’s tenth industrial development within the greater Dallas-Fort Worth area. Other notable projects in the region include 121 Logistics Park, Trinity West Phases I & II, Innovation Ridge Logistics Park, Wylie Business Center, Addison Innovation Center, Lovett 35 Logistics Park, Garland Innovation Center, and Texport Logistics Center. Collectively, these projects contribute over 5.8 million square feet of completed or under-construction industrial space in the Dallas-Fort Worth area.
About Lovett Industrial
Founded in 2020 and headquartered in Houston, Texas, Lovett Industrial is a privately held, vertically integrated logistics real estate investment platform. The company focuses on developing and acquiring industrial properties known for their superior quality, strategic locations, and functional designs. Operating in over 15 markets across the United States, Lovett Industrial’s current portfolio includes approximately 19 million square feet of completed, acquired, and under-construction warehouse space, with an additional 10 million square feet planned for future development. The company’s founders bring more than 60 years of combined experience in the commercial and industrial real estate sectors.
About Crow Holdings Capital (CHC)
Crow Holdings Capital (CHC) is a real estate investment management firm specializing in multifamily, industrial, and specialty property types. Since its inception in 1998, CHC has built a diverse investment portfolio in partnership with leading global investors, delivering attractive returns across various market cycles. With a highly experienced leadership team, CHC manages approximately $19 billion in real estate assets. CHC operates as a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with 75 years of history, $33 billion in assets under management, and a legacy built on partnership, collaboration, and aligned interests.
The development of Interchange 80 represents a significant milestone for Lovett Industrial and Crow Holdings Capital as they continue to expand their presence in the thriving Dallas-Fort Worth industrial market. This project is expected to attract a wide range of businesses seeking a modern, strategically located facility with excellent access to major transportation routes.
