$450M+ Project Plan Eyed at Trammell Crow Parks

One of DrinkPAK’s new factories will open at 35 Eagle in Fort Worth, Texas. Image courtesy of DrinkPAK

DrinkPAK, a West Coast-based manufacturer of canned beverages, is investing about $452 million in North Texas, where it will expand its operations with two locations in the Dallas-Fort Worth area totaling approximately 2.8 million square feet.

The company’s investment, which is expected to add 1,000 full-time jobs by 2026, is considered a significant milestone for DrinkPAK and the region’s economic growth.

The firm’s new factories, dubbed DP2 and DP3, will take shape at two Trammell Crow industrial developments—35 Eagle in northeast Fort Worth and Carter Park East in southeast Fort Worth. The locations are expected to produce various beverages, including energy drinks, sodas, waters, hard seltzers, canned cocktails, milk and milk-alternative beverages like canned cold brew and oat milk-based drinks.

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The 35 Eagle campus, which will have 1.5 million square feet and create 550 jobs, is slated to produce alcoholic and non-alcoholic drinks when it opens in November 2024. The 1.3 million-square-foot plant at Carter Park East is expected to open in January 2025 and create 450 jobs; DP3 is set to manufacture coffees, protein drinks, milk and alt-milk products including oat milk, almond milk and soy.

Growing company

DrinkPAK’s Dallas-Fort Worth investments will include $37 million in Phase One real property improvements by late 2026 and $183 million in business personal property by early 2027, the Dallas Business Journal reported.

According to the business publication, Fort Worth city officials have approved a 10-year tax abatement of up to 70 percent of incremental real and business personal property. These savings have an estimated value of approximately $21 million, if the company meets several requirements including offering jobs with a minimum annual salary of $70,000. DrinkPAK is expected to hire local residents for roles in production, batching, quality, maintenance, engineering and warehousing.

Founded in 2020, DrinkPAK is headquartered in Santa Clarita, Calif. The company currently produces about 2.7 billion canned beverages a year, having 550 employees in California. In May 2021, the manufacturer expanded its footprint at The Center at Needham Ranch in Santa Clarita, a newly built industrial park in the San Fernando Valley developed by TCC and Clarion Partners, boosting its total presence to 572,419 square feet. DrinkPAK now has 1.4 million square feet of production and warehousing space in California.