Falcon Commercial Development has started construction on the biggest building yet planned at Northlake 35 Logistics Park, a roughly 1.2 million-square-foot distribution facility that will add another massive warehouse shell to the Dallas-Fort Worth freight corridor.
The project is Building 7 in the park’s third phase near Northlake, where industrial development has been steadily marching outward along I-35W. A report by CoStar identified Falcon as the developer behind the new construction.
Building 7 Will Be Speculative Space
State project records list Building 7 at 1,223,144 square feet, with construction beginning June 22, 2026, and completion scheduled for July 30, 2027. The Texas Department of Licensing and Regulation filing puts the estimated cost at $46.77 million and says the project is privately funded, with no tenant assigned.
That makes Building 7 a speculative industrial project, meaning Falcon is building the facility before announcing an occupant. The state filing describes a large warehouse with associated grading, utilities, paving, lighting, landscaping, mechanical systems and a small speculative office finish-out.
Northlake 35’s Third Phase Is Taking Shape
Falcon’s property listings place Building 7 in Phase III of Northlake 35 Logistics Park and show it as available in the third quarter of 2027. The developer also lists a 339,440-square-foot Building 8 and a 125,397-square-foot Building 9 as still in design, according to Falcon’s current project page.
The new phase is rising on approximately 117 acres at the northwest corner of Harmonson Road and McPherson Drive. Town planning documents describe the tract as an industrial planned development site intended for uses such as shipment and warehousing, research and development, data centers and other clean industrial operations, while saying heavy industrial uses should be limited.
Big-Box Demand Is Picking Up Across DFW
Building 7 is arriving as demand for very large warehouses has begun to look healthier across the Metroplex. Cushman & Wakefield reported that vacancy in buildings larger than 500,000 square feet had tightened to its lowest level since 2022 by the end of the second quarter, even as nearly 30 million square feet remained under construction across DFW.
Northlake 35 has already landed a major logistics user: DSV Contract Logistics signed a 1,049,022-square-foot lease for Building 1 earlier this year. That deal, reported by Colliers, highlighted the park’s access to I-35W, State Highway 114 and Dallas-Fort Worth International Airport, the kind of highway-and-airport combination that keeps drawing supply-chain operators to North Texas.
