businessReal Estate

New McKinney industrial project lands major tenant

ML Realty leases final building new new business park.

Developers of a new McKinney industrial project have already fully leased the building.

Illinois-based ML Realty Partners is constructing the McKinney Trade Center at 424 Wilmeth Road east of U.S. Highway 75.

The 171,398-square-foot project is the final phase in the four-building business park. It’s just been leased to Pegasus Industries, a packaging and logistics firm.

Read more D-FW real estate news
View More
Real Estate
D-FW Real Estate News

Get the latest news from Steve Brown and the business staff.

“We are excited to deliver and continue to expand upon a shared vision with our partners at Pegasus Industries with the addition of our fourth and final building at McKinney Trade Center,” Matthew Smith, vice president of ML Realty Partners, said in a statement. “McKinney Trade Center is now a fully occupied, 36-acre master-planned business park.”

Brett Lewis, Adam Graham and Ken Wesson of Lee & Associates negotiated the just completed industrial lease transaction.


Blount Fine Foods Corp. and L&S Plumbing Partnership previously leased industrial space in the McKinney Trade Center.

Developer ML Realty Partners is a longtime owner of Dallas-area industrial and office space.

Its new McKinney business park is one of the largest warehouse and distribution campuses in that area of Collin County.


Dallas-Fort Worth is one of the country’s fastest growing industrial building markets with almost 70 million square feet of construction.