CBRE Investment Management Taps Haltom City Logistics Park for Latest Buy

A recent investment is consistent with CBRE’s creation of a globally aligned sector-specific logistics team and commitment to scale logistics efforts. A fund sponsored by CBRE Investment Management, formerly known as CBRE Global Investors, recently acquired a 952,764-square-foot logistics park outside of Fort Worth.

Known as 820 Exchange, the property consists of four newly constructed class-A logistics assets that are currently 72 percent leased to three tenants. The buildings that make up 820 Exchange in Haltom City, TX, are:

• Building 1 at 4251 Northern Cross Blvd. spans 427,908 square feet and is 100 percent leased
• Building 2 at 5030 Anderson Blvd. spans 138,600 square feet and is partially leased by a single user with availability for additional users
• Building 3 at 5020 Anderson Blvd. spans 158,400 square feet, is vacant and available for lease
• Building 4 at 4250 Northern Cross Blvd. spans 227,856 square feet and is fully leased

“820 Exchange features state-of-the-art logistics construction, amenities and characteristics, along with a highly functional design that today’s modern logistics users have come to expect when looking to expand their industrial footprint in key markets,” said Mary Lang, head of Americas direct logistics strategies and portfolio manager for CBRE Investment Management. “This particular asset is one of the newest developments in a land-constrained submarket. The premier in-fill location offers interstate frontage and immediate access to major consumer and labor populations in the surrounding area.”

The JLL seller team was led by Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Matthew Barge.