Like many firms, Creation Equity is slowing down. However, it's still hunting for new sites as infill submarkets see sustained demand.
Last year, Creation Equity completed and sold 820 Exchange, an industrial park in Haltom City totaling close to 1 million square feet. A fund sponsored by CBRE Investment ManagementThe firm hasin Mesquite called Mesquite 635, which will total about 556,000 square feet. The project is located at the corner of Interstate 635 and Highway 80.
The company has an additional 533,000 square feet in the works in Houston and is eyeing sites in the Austin market. The firm’s Houston holdings are in partnership with PGIM Real Estate.“We’re going to stay optimistic, but cautiously optimistic,” said, vice president of Transactions at Creation Equity. “We think because we’re disciplined in our approach, that should help us continue to succeed even in a tricky upcoming year.
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