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July 18, 2019
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Transwestern Investment Group Picks Up 1.2 msf TX Industrial Property

2/11/19

Transwestern Investment Group acquired a 1.2 msf industrial property in north Fort Worth, TX from DHL Supply Chain, on behalf of one of its separately managed accounts. The price was not disclosed.

Constructed in December 2018, the property consists of two cross-dock buildings: a 706k sf building at 1753 Chaplin Drive and a 494k sf building at 15453 Wolff Crossing. Each building offers a 36-foot clear height.

Located near the intersection of Farm-to-Market Route 156 and Old Blue Mound Road, the property has convenient access to Interstate 35 West and U.S. Route 287 via Texas State Highway 114. It is approximately 20 miles from Dallas/Fort Worth International Airport.

The Alliance submarket is home to a large master-planned, mixed-use community developed by Hillwood. It is anchored by the Alliance Global Logistics Hub, which includes BNSF Railway and Union Pacificís Alliance Intermodal Facility. Alliance has grown to encompass more than 43 msf of developed space, more than 470 companies and over 47,500 employees.

The Northeast Tarrant County/Alliance submarket has seen significant activity this cycle, with 2 million square feet of industrial space currently under construction, according to market research from Transwestern Commercial Services. The high amount of speculative construction has pushed the overall vacancy rate above the Dallas-Fort Worth average, but a sharp uptick in fourth-quarter absorption shows an appetite for new construction such as this acquisition.

JLLís Dustin Volz represented the seller in the transaction. CBREís Nathan Lawrence is providing leasing services.





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