Meritex Buys 121 Technology Park in Allen, Plans Expansion

The Meritex Company has acquired 121 Technology Park, a 58-acre industrial campus at 859 State Highway 121 in Allen, near Chelsea Boulevard. The sale closed Oct. 1; no price was disclosed. Stillwater Capital originally developed the park with NHK Capital Partners and the Allen Economic Development Corporation.

Phase I includes four buildings totaling roughly 371,000 square feet, about 55% leased to five tenants: Amphenol Fiber Systems International, ACIS, Comba, Globe Life and Xtera. Josh Barnes and Blake Troiani of Holt Lunsford Commercial lead leasing.

Phase II adds three buildings starting in early 2027, bringing full buildout to seven buildings and approximately 740,000 square feet. Specs include 32-foot clear heights, dock-high loading, ESFR fire suppression and 2,500 amps of three-phase power. Configurations range from about 20,000 to 148,000 square feet, with build-to-suit options.

The deal grows Meritex's DFW industrial portfolio to 1.6 million square feet. The project was a finalist for Industrial Development of the Year and Innovative Development of the Year in NAIOP North Texas' 2025 Best of North Texas Awards.