Fort Worth-based real estate investment firm, Fort Capital, has expanded its industrial property portfolio with the acquisition of four industrial projects in Fort Worth, totaling 369,625 square feet.
With the properties at 94 percent occupancy, Fort Capital anticipates the acquisitions will provide opportunity for added value for both the long and short-term future.
The four sites include:
* Suffolk Business Park, featuring five buildings totaling 116,000-square feet, is located at 2951 Suffolk, 2921 Suffolk, 2905 Suffolk, and 2901 Suffolk, Fort Worth 76133
* 63,795-square foot property, located at 2020 E 4th Street, Fort Worth 76102
* 16,000-square foot property, located at 500 E Central, Fort Worth 76164
* 173,830-square foot property, located at 1101 NE 23rd, Fort Worth 76164
“These industrial assets are huge for Fort Capital – it is the start of a much larger industrial platform we plan on creating throughout DFW and Texas,” said Chris Powers, CEO and founder of Fort Capital. “I’ve been extremely pleased with Sarah LanCarte heading up our commercial acquisitions division and the strides she’s taken to grow our industrial property portfolio. Sarah has built an incredible network throughout the industrial market and is building a team and pipeline of deals that will further enhance our presence throughout DFW and Texas. We have set lofty goals of owning and operating 2,000,000 sq ft of industrial property by Q3 2019.”