• Stream Realty Partners is set to break ground on Northwest Commerce Park (NCP) in north Fort Worth.
• The project was, capitalized through a joint venture with a global institutional investor.
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• Situated on approximately 66 acres, NCP will deliver up to 1.1 million rentable square feet amongst three buildings to meet current and future needs of industrial users.
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• Once complete, the development will accommodate a wide range of tenant sizes and provide users with flexibility and functionality when compared to competitive properties given the inherent characteristics of each building.
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• “We commenced work on this project in late 2017 and are excited to see it come together with an anticipated ground breaking in February of this year,” said J. Cannon Green, managing director and partner for Stream’s industrial team. “This project will feature a diversified mix of industrial product in a campus-type setting.”
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• NCP is located 1.25 miles from the intersection of Interstate 35W and State Highway 114, allowing access to the primary north/south artery of Fort Worth. Additionally, the development sits within minutes of the Alliance BNSF Intermodal, Alliance Airport, and both the UPS and FedEx hubs.
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• “North Fort Worth and the Alliance area has proven to be a dominate industrial market within all of Dallas-Fort Worth, historically attracting some of the biggest and most recognizable users of industrial space,” said Seth Koschak, managing director of Stream’s Fort Worth office. “We expect NCP to benefit from tenants’ desire to be in this location to serve not only North Texas but the surrounding region.”
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• Koschak, Green, and Forrest Cook will oversee the leasing of the project. Albert Jarrell, managing director of Stream’s Construction Division, will supervise the construction.