EastGroup adds 160,000 square feet of industrial space in McKinney

EastGroup Properties is pushing deeper into McKinney’s SH 121 corridor with two more Class A industrial buildings at Hardin Boulevard and McKinney Ranch Parkway, adding 160,540 square feet to a market that keeps drawing logistics and light industrial users. The new phase is the third and final stage of the company’s McKinney 121 development, and delivery is expected in late 2026.

The project splits into an 84,443-square-foot building and a 76,097-square-foot building. After the shells are delivered, EastGroup plans to add spec office space in each one, a sign the company sees room for a wider mix of tenants than just warehouse users. Earlier phases along South Hardin Boulevard are already fully leased, a strong indication that demand for modern industrial space near SH 121 has held up.

That demand helps explain why this corner of McKinney is changing so quickly. Industrial buildings in this part of Collin County tend to serve light manufacturing, assembly, storage and regional distribution, uses that do not require the large office footprints associated with corporate campuses. For McKinney, that means more jobs tied to production and supply chains, along with more truck traffic on Hardin Boulevard, McKinney Ranch Parkway and SH 121. It also means added pressure on roads, turn lanes and utility infrastructure as the corridor builds out around freight movement as much as commuter growth.

EastGroup’s McKinney 121 project spans 384,000 square feet across four buildings, according to the company’s property page. Texas Department of Licensing and Regulation records show Building 2, a 94,804-square-foot shell, started Sept. 1, 2022 and was completed June 1, 2023. Records also list Phase III as a roughly 76,000-square-foot shell industrial building with a completion date of July 20, 2026. EastGroup also bought McKinney Logistics Center for $25.8 million on Oct. 2, 2023, reinforcing its long-term commitment to the city.

The latest phase arrives as more developers target McKinney’s south and east sides. VanTrust Real Estate has announced 121 Commerce Park, with Phase 1 totaling more than 511,000 square feet and Phase 2 adding another 250,000 square feet. Rockefeller Group’s McKinney Commerce Center totals 319,347 square feet across three Class A buildings. McKinney National Airport is also slated to open a new commercial passenger terminal by late 2026, adding another growth engine near the same transportation web.

Taken together, the projects suggest McKinney is no longer growing only as a bedroom community. The city is increasingly competing for industrial investment, and the SH 121 corridor is becoming one of the clearest markers of where that economy is headed.