Davidson Bogel Real Estate Facilitates Multi-Parcel Assembly for Lovett Industrial Development Project in Lewisville, Texas

LEWISVILLE, Texas--(BUSINESS WIRE)--Davidson Bogel Real Estate (DB2RE) successfully facilitated the acquisition of an 8.5-acre, four-owner industrial land assemblage located at 421, 451, 475, and 493 Bennett Lane in Lewisville.

The site was acquired by Lovett Industrial and is planned for the development of a Class A industrial project. The development aligns with the City of Lewisville’s evolving regulatory framework for industrial uses.

The transaction was facilitated by Philip Cherrick of Davidson Bogel Real Estate in partnership with Bennett See of Lovett Industrial.

The assemblage required coordination across four separate ownership groups, highlighting the complexity of the transaction and the growing scarcity of developable infill industrial land in the submarket.

This deal also marks the first project to move through Lewisville’s newly implemented Supplemental Use Permit (SUP) ordinance for industrial development—setting a precedent for future Class A projects within the city.

“This was a strategic assemblage in one of the tightest industrial submarkets in North Texas,” said Cherrick. “Bringing together four separate ownership groups to create a cohesive development site—while navigating a new SUP process—speaks to both the demand for this product type and the limited supply of infill opportunities.”

The property offers direct access to Interstate 35, providing strong regional connectivity for logistics and distribution users seeking proximity to major transportation corridors.

Lewisville continues to emerge as one of the most competitive industrial submarkets in the Dallas–Fort Worth metroplex, driven by low vacancy and sustained tenant demand for Class A product.

About DB2RE

Davidson Bogel Real Estate (DB2RE) is a boutique land investment advisory group and brokerage firm headquartered in the Dallas-Fort Worth Metroplex. Founded by David Davidson, Jr., and Edward Bogel in 2015, the base principle of the company is exceptional client service, with investment and development of land throughout Texas and Oklahoma as the focus. DB2RE concentrates on land acquisitions, dispositions, and investment sales for families, trusts, and developers of retail, multi-family, industrial/mixed-use, and single-family communities.