Trammell Crow, PGIM Start 747K Sq Ft Spec Park at Alliance
Three Texas accessibility filings put 35 Eagle Phase IV at 747,000 sq ft and $40.3M across three speculative warehouses at 2501 Eagle Parkway, Fort Worth.
Illustration- Source Briefing
- Public record
- Also reported by Bisnow Dallas-Fort Worth
Trammell Crow Company and PGIM have started the final phase of the 35 Eagle logistics hub in AllianceTexas, three speculative warehouses totaling 747,000 sq ft at 2501 Eagle Parkway in Fort Worth. Texas accessibility filings put the combined estimated cost at $40.3M.
Why it matters
The registrations show the project owner, a Trammell Crow land entity, committed to all three buildings in a single December 2025 filing, with no tenant attached. For brokers and lenders, that is a bet on Alliance absorption. Bisnow, citing Cushman & Wakefield, reported that Alliance absorbed more than 3.6M sq ft in the third quarter and has 8.3M sq ft under construction. Our related coverage of Fort Worth spec warehouses at Alliance shows the same pattern of developers building ahead of tenants.
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The numbers
The Texas Department of Licensing and Regulation lists three registrations, all filed Dec. 16, 2025 with a Feb. 2, 2026 start and an April 1, 2027 completion:
- Building B1: 500,000 sq ft, $25,000,000
- Building B2: 107,000 sq ft, $7,000,000
- Building B3: 140,000 sq ft, $8,300,000
Together that is 747,000 sq ft and $40,300,000, or about $54 per sq ft in registered cost. Bisnow described the project as about 756,000 sq ft, with a 508,000 sq ft cross-dock building; the filings carry slightly smaller figures, and we use the filed numbers. Registered cost on an accessibility filing is the owner’s estimate and may exclude land and some site work.
What’s next
Bisnow reported that construction financing came from Fifth Third Bank and American National Bank, and that CBRE is marketing the buildings for lease. No tenant has been named. The filings show a completion target of April 1, 2027, so the first leasing decisions fall in the next two quarters. For wider context on the metro’s industrial pipeline, see our Dallas-Fort Worth market page.
Quick answers
- What is the latest on 35 Eagle Phase IV?
- Three Texas accessibility filings put 35 Eagle Phase IV at 747,000 sq ft and $40.3M across three speculative warehouses at 2501 Eagle Parkway, Fort Worth.
- Who is developing 35 Eagle Phase IV?
- Trammell Crow Company and PGIM, according to Texas Department of Licensing and Regulation, TABS 35 Eagle Phase IV B1.
- What are the key numbers for 35 Eagle Phase IV?
- sq ft total: 747,000; registered cost: $40.3M; spec buildings: 3; per sq ft: ~$54.
On the record
TDLR TABS registration for 35 Eagle Phase IV B1: speculative warehouse, 500,000 sq ft, $25,000,000 estimated cost, 2501 Eagle Parkway, Fort Worth, registered Dec. 16, 2025, start Feb. 2, 2026, completion April 1, 2027
Public record · tdlr.texas.gov
Primary record
- Public recordTDLR TABS registrations for Phase IV B2 (107,000 sq ft, $7,000,000) and B3 (140,000 sq ft, $8,300,000) sum with B1 to 747,000 sq ft and $40,300,000, about $54 per sq ftView the record on tdlr.texas.gov
- Texas Department of Licensing and Regulation, TABS 35 Eagle Phase IV B235 Eagle Phase IV B2, 107,000 sq ft, $7,000,000
Also reported by
- Bisnow Dallas-Fort WorthAlliance's Industrial Strength Draws Huge Spec Development From Trammell Crow And PGIM