Nationally recognized, Dallas-based developer Creation, in partnership with PGIM, has begun construction on 635 Exchange, a three-building, 600,000-square-foot logistics hub at I-35E and I-635.
Yesterday, partners, investors and city officials joined developers to celebrate the construction milestone with a ceremonial groundbreaking on the 36-acre former City of Dallas landfill. As part of the celebration and its commitment to the community, Creation made a $25,000 donation to benefit CLC, Inc.’s YouthBuild program, a nonprofit that empowers at-risk youth by providing education, job training and leadership development opportunities.
“Breaking ground on 635 Exchange represents a significant achievement for our team and partners,” said Taylor Mitcham, principal of Texas for Creation. “Obtaining a Subchapter T permit in roughly 12 months for a former landfill is very impressive, and it couldn’t have been done without the expertise of our consultants – LGE Design Build, Vertex, Kimley Horn, Reed Engineering and the support of PGIM Real Estate. With limited new industrial supply in this submarket, this project comes at an ideal time to meet growing tenant demand and set a new standard for Class-A space.”
The campus is located in one of Dallas’s densest industrial corridors, making it one of the most significant logistics developments in the region. 635 Exchange will feature building clear heights of 32 to 36 feet, abundant trailer parking and multiple points of highway access. Its design and layout are crafted to accommodate a range of tenant requirements, providing flexibility and scale rarely found in infill submarkets.
“We are delighted to join forces with Creation on this high-caliber project, which not only reflects the strength of the Dallas industrial market, but also underscores our conviction in the value of strategic partnerships to unlock long-term growth,” said Soultana Reigle, Head of U.S. Equity for PGIM’s real estate business. “With PGIM’s proven capability in sourcing and executing differentiated real-estate investments, and our partner’s development expertise, we believe this transaction offers a compelling opportunity to deploy capital into a logistics asset poised to benefit from structural tailwinds in supply-chain optimization and e-commerce demand.”
LGE Design Build is leading architecture and construction, with delivery scheduled for late 2026.
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