Dallas Cowboys owner Jerry Jones heads east of Dallas with a new industrial park plan
Dallas Cowboys owner Jerry Jones is expanding his industrial real estate operations with a significant land purchase east of Dallas.
Jones’ Blue Star Land has snapped up 180 acres for an industrial park on Interstate 20 in Terrell.
The just-purchased property is just west of Terrell in the Las Lomas development.
Late last year, Centurion American Development Group purchased more than 1,100 acres on I-20 for a huge residential and commercial project.
Centurion American sold the freeway-facing industrial land for Blue Star Land’s industrial park.
“This new project complements the Blue Star industrial portfolio,” real estate broker Rex Glendenning said. “The Blue Star team realizes the importance of the nation’s growth in new e-commerce that is gaining momentum throughout the country and has done a tremendous job of aligning their business parks with integral locations along a number of D-FW’s major growth corridors.”
Glendenning and Matthew Kiran of Rex Real Estate brokered the latest purchase by Blue Star Land and have represented the developer in most of its property acquisitions.
Blue Star Land has acquired more than 200 acres in Frisco, where it is building its Star Business Park. The Dallas Cowboys’ real estate firm has also purchased more than 100 acres of industrial property in Prosper. And Blue Star Land recently purchased more industrial property in Waxahachie and north of Denton along Interstate 35.
Blue Star Land's industrial property purchase is on Interstate 20 just west of Terrell. (Rex Real Estate )
- Steve Brown, Real Estate Editor, Dallas Morning News