News
Irving, Texas (August 4, 2025) – Foundry Commercial, in partnership with a real estate fund advised by Crow Holdings Capital, has closed on the acquisition of 4250 N Belt Line Rd. in Irving, Texas. The 6.84-acre site, located at the intersection of Belt Line Road and Highway 161, includes a vacant 45,000-square-foot office building constructed in 1981. The property sits in the heart of the East DFW Air/Las Colinas submarket- known for being one of the most active industrial submarkets in the U.S. – and offers prime frontage and visibility.
Foundry plans to demolish the existing structure and construct a new, Class-A industrial facility totaling 118,032 square feet, featuring 32-foot clear heights. Construction is scheduled to begin in September 2025, with delivery expected in Summer 2026.
This marks Foundry’s fifth office-to-industrial conversion in the Dallas-Fort Worth region and tenth nationally, reinforcing the firm’s investment strategy focused on repositioning underutilized sites in infill locations.
“We continue to see meaningful momentum behind the trend of converting outdated office sites into modern industrial product,” said Jim Traynor, Partner and Managing Director of Foundry’s Development & Investments platform in Dallas. “This approach helps meet strong demand from logistics and manufacturing users who want to be closer to labor, rooftops, and major transportation corridors.”
Andrew Gilbert and Keaton Bryce of Holt Lunsford Commercial will oversee leasing efforts for the project.