Hunt Southwest Real Estate Development LLC has acquired a 16.66-acre site in northeast Fort Worth for a 301,500-square foot warehouse and distribution facility.
The speculative project will be located at 2101 Reeves Place in Riverbend West Business Park, according to Preston Herold, company vice president.
Construction will begin immediately, with completion expected in the third quarter of 2016.
“Riverbend West Business Park offers an ideal location for warehouse and distribution operations because of its central Dallas-Fort Worth location, proximity to abundant and high quality labor, and prime access to major thoroughfares including [Loop] 820, [State Highway] 121, [State Highway] 183, and [Interstate] 30,” Herold said in a news release.
Among the facility’s amenities will be a 32-foot clear height, cross-dock configuration, expansive truck court depths, and dedicated trailer parking positions.
Hunt Southwest has selected commercial real estate firm Holt Lunsford Commercial’s Donnie Rohde, Chance Olin and George Jennings to lease the industrial property to prospective tenants.
“Riverbend West Business Park will be a strong value proposition for industrial tenants who continue to seek a central Dallas-Fort Worth location,” Rohde said.
Hunt Southwest, a joint venture between Hunt Midwest Enterprises and Unity Hunt, Inc., is the second real estate development enterprise founded by the Lamar Hunt family.