TWO PHASE MAP
121 Technology Park will consist of the development and construction of seven (7) Class-A speculative industrial buildings in Allen, Texas, an infill location within DFW with high barrier to entry. The Allen submarket currently has near zero vacancy in the light industrial manufacturing space. Currently, the city of Allen has very limited undeveloped land which is zoned for light industrial / manufacturing, significantly increasing the entry barrier. As of Q1 2023, 121 Technology Park will be the only new development in Allen to offer this specialized space per the Allen EDC. 121 Technology Park is located near the exchange of State Hwy 121 and US Hwy 75. With frontage access to State Hwy 121 the property will allow immediate access to the greater Dallas-Forth Worth Metroplex (DFW). Large manufacturing, research, and development firms seek access to an affluent, highly educated population base.
PROJECT LOCATION MAP:
The 121 Tech Park development provides access to a superior labor pool with over 2.4m workers within a 20 minute drive and nearly 59% of adults having a bachelor’s degree or higher. Demand in Allen has increasingly surpassed supply as seen with near zero vacancies. The city of Allen EDC (Economic Development Corporation) has reported more than 21 companies inquiring about in excess of 4,000,000 SF of technology/manufacturing space in the last 12 months. At $12.20/SF, rents in Allen rank among the highest in the DFW metroplex. Rent growth has closely resembled the market average with an annual average growth of 12.4%
Are You An Accredited Investor?
To qualify as an “accredited investor” you must:
- Have an individual income of more than $200,000 per year, or a joint income of $300,000 with your spouse, in each of the last two years and reasonably expect to maintain the same level of income for the current year, OR
- Have a net worth exceeding $1 million, either individually or jointly with your spouse, not including your primary residence.
At this time, we are only able to show project information online to accredited investors.