Dallas-based investor Velocis is planning a second business park in Denton with three more buildings.
Its Mayhill 380 business park will include three buildings on North Mayhill Road near U.S. Highway 380, according to planning documents filed with the state.
The $20 million project will include more than 260,000 square feet of space and is set to open next year. Dallas architect Ware Malcomb is designing the project. The business park is across U.S. 380 from where Velocis and partner Sumitomo Corp. are building an even bigger industrial campus. “We are on both sides of 380 with two different developments,” said Velocis partner Paul Smith. “We are doing about 750,000 square feet of new development underway with Sumitomo in four buildings” north of U.S. 380.
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