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DrinkPAK Inks Two Leases for 2.9 msf of Industrial Space in Fort Worth, TX

12/04/23

DrinkPAK, a CA-based canned beverage manufacturer, has closed on two industrial leases totaling 2.9 msf in its expansion to Fort Worth, TX, nearly tripling the company’s real estate footprint. We’re told these leases represent the largest new industrial occupier leasing commitment completed in a single market across the U.S. this year and are projected to create 1,000 full-time jobs in the area by 2026. Additionally, the city has approved a 10-year tax abatement valued at $21 mil for DrinkPAK’s expansion in support of the area’s long-term development.

As part of DrinkPAK’s $452 mil investment plan to develop the advanced manufacturing assets for the production, warehousing and distribution of various alcoholic and non-alcoholic beverages, the project is expected to bring significant investment to the local community and reaffirm Fort Worth’s ongoing dedication to fostering the growth of industrial-using jobs. Encompassing approximately 1.5 msf and 1.4 msf, the sites are located, respectively, at Trammell Crow’s development at 25001 Eagle Parkway and at Carter Park East, which is owned by Crow Holdings Capital, Rob Riner Companies and Clarion Partners.

Newmark Executive Managing Director Patrick DuRoss, SIOR, Vice Chairman John DeGrinis, SIOR, Senior Managing Director Jeff Abraham, SIOR and Associate Director Javier Galvan, in cooperation with Vice Chairmen Adam Faulk and James Cooksey, Director Garrison Efird and Associate Adam Faulk Jr. represented the tenant in the transaction. Newmark has played a pivotal role in aiding DrinkPAK's expansion since 2020, securing multiple leases totaling over 1.5 msf in the North Los Angeles region.

Founded in 2020, DrinkPAK is one of the most technologically advanced manufacturers of canned beverages in the world, providing full-service support for procurement, batching, processing, filling, packaging, warehousing and distribution for both large, complex organizations and high-growth emerging brands.




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