Jackson-Shaw Closes On 224 Acres For Crosspoint Business District
Jackson-Shaw, a national real estate development company headquartered in North Texas, has closed on 224 acres in Georgetown for the development of the CrossPoint. This business district is located alongside the west side of Interstate 35 (north of the intersection with State Highway 195 and south of Country Road 143).
Phase 1 represents 61.7 acres and will be a three-building business park totaling 488,000 square feet. Jackson-Shaw plans to break ground in April with expected completion by the second quarter of 2023. Still in the planning stages, additional phases include the remaining 162.3 acres and are projected to have a combination of industrial, commercial and multifamily developments.
Onx Homes, an integrated DesignTech, has signed a lease for Building 1 of Phase 1 for a total of 204,000 square feet. Diamond Realty is the equity partner, and CrossFirst Bank is the lender. Joeris is the general contractor, with Powers Brown as the architect and Pacheco Koch as the civil engineering firm. CBRE’s Darryl Dadon and Joe Novek are managing the leasing assignment.
Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.