In a six-month turnaround, the 214,650-square-foot Railhead Business Station has reclaimed its 100 percent occupancy with the expansion of a North Fort Worth tenant, Wise Foods Inc.
The company is up and running in 33,673 square feet at 800 Railhead Road, one of three distribution warehouses in the class A industrial project owned by Sun Life Assurance of Canada. Wise Foods has leased overflow space for its nearby Northern Cross Boulevard warehouse.
“Activity was exceptionally strong on this space. There is a large demand for this size space in the market,” said Nick Talley, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. “It feels good to have regained full occupancy within six months.”
Talley’s new deal shores up the three-building project through 2019. “Demand is so strong that owners are achieving incremental rent growth and fewer tenant concessions market-wide,” he added.
George Jennings of Holt Lunsford Commercial represented Wise Foods in negotiations for a long-term, triple-net lease. The expansion space includes 1,712 square feet of office space, 24-foot clear height and full sprinkler system.
Railhead Business Station, developed in 2007, is situated at the crosshairs of Loop 820 and Interstate 35W, part of the 633-acre Railhead Industrial Park.
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