HomeGoods Settles Into Carter Park East for 20 Years

An approximately 1 million-square-foot build-to-suit lease with a 20-year term was recently executed for HomeGoods at Carter Park East in Fort Worth. The occupier is a national off-price home fashions retailer that is part of the TJX Companies family.

Carter Park East is a 556-acre multi-phase master-planned industrial development capable of delivering more than 6 million square feet. The project is located south of I-20 and east of I-35 in the South Fort Worth submarket.

Rob Riner Companies is the lead developer responsible for this build-to-suit project and all phases of planned speculative construction.

“Carter Park East is a vision that started 15 years ago. To witness that vision become real has been something special. We were long-term believers in this submarket and were confident that with time, Carter Park East would become one of the premiere industrial parks in DFW. This lease goes a long way toward achieving that reality,” says Riner who has been developing industrial buildings in South Fort Worth for more than a decade.

The HomeGoods building will encompass approximately 100 acres and approximately 1 million square feet under-roof. This facility will serve as a regional distribution center for HomeGoods and its sister brand, Homesense.

“This facility will provide tremendous economic benefit for the surrounding area including jobs and tax revenue for years to come,” adds Michael Balcom, director at Crow Holdings Capital.

Stream Realty Partners represented Clarion Partners and a real estate fund advised by Crow Holdings Capital in the execution of the lease.