Lakeside Commerce Center, which will rise in the City of Flower Mound, gets under way in early 2003 with a 200,000-sf, two-building first phase. The multi-tenant spec structures will deliver in fall 2003.

Granite has bought in the same development as Home Depot, which acquired 22 acres a few months ago in the 365-acre Silveron. The acreage was bought from Daldav Associates, a partnership that owns Silveron, an undertaking of San Francisco-based Silverwing Development. Brent Wicker and Randy Church, both of Wicker Associates in Dallas represented the Dallas-based Granite while John Conger of Dallas' Wilcox Realty negotiated for the seller.

Wayne Batavia, a Silverwing principal, tells GlobeSt.com that the dual sales are "pretty positive for this economy. The ability for us to sell that much land in a down economy says something about the power of our project."