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June 22, 2024
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Transwestern Team in Fort Worth, TX Completes Over 500k sf in Industrial Sales Since September


Transwestern Principal Jeff Givens, Vice Presidents Sarah LanCarte and Todd Hawpe and Associate Tracy Georges, out of the firm’s Fort Worth, TX office, have completed more than 525k sf of industrial sales transactions since September.

“We had unprecedented activity in the Fort Worth industrial market in 2014,” said Givens. “User sales were robust and the leasing market was very active, which increased occupancy. To date, no space has broken ground in Fort Worth during this cycle, so we should see landlords enjoying increased rental rates in 2015.”

These recent transactions include:

• Mereken Energy Corp sold a 180k sf industrial building on 31.01 acres at 8600 Will Rogers Blvd in Fort Worth to California Expanded Metal Products Co, represented by Givens and Georges.
• Riverbend Industrial Partners Ltd, represented by Givens and Georges, sold a 112.5k sf building at 2525 Handley Ederville Rd in Richland Hills to 2525 Handley Ltd.
• Glen E Capital LLC sold a 92.1k sf building at 5012-5050 Rondo Dr in Fort Worth to System Beauty LLC, represented by Hawpe.
• GFP Realty LLC, represented by Givens and Georges, sold a 60.9k sf building at 1401 E. Dallas St in Mansfield to Conti Broad Street LLC.
• Electro-Tech Services Inc sold a 35k sf building at 5116 Northeast Pkwy in Fort Worth to SE & AE Investments Inc, represented by LanCarte.
• RLM Real Estate Ltd, represented by Hawpe, sold a 32k sf industrial warehouse on 4.07 acres at 3300 N. Fwy in Fort Worth to CMC Trailer Distributors In., represented by LanCarte.
• B&C Wyatt Properties LP sold an 8k sf industrial building on five acres at 2555 Blue Mound Rd W. in Haslet to private investors, represented by LanCarte and Hawpe.
• A private investor, represented by LanCarte and Hawpe, sold an office/warehouse building on 4.5 acres at 1732 E. Hicks Field Rd in Fort Worth to North American Carriers Properties LLC.

Net absorption of industrial space in the Dallas-Fort Worth (DFW) market totaled more than 2.8 msf in third-quarter 2014, compared to 2.6 msf in second-quarter, for a total of 10.1 msf in the first three quarters of 2014.

The DFW industrial market is expected to continue to experience robust growth throughout the last quarter of 2014. Overall user demand remains high as the DFW economic climate stays strong. Despite the expected increase in interest rates, industrial properties in the DFW metro should maintain steady investor demand. Core and value-add product will see strong capital demand due to the decrease in vacancy rates and steady economic growth across the region. Though construction levels remain high, vacancies are expected to linger below historic norms due to the economic stability throughout the region.

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