Texas + Industrial | May 29, 2020

CIM Acquires 1M-SF Logistics Center in Fort Worth

CIM Group said Thursday it had acquired Junction 20/35, an approximately 1.1-million-square-foot cold-and dry-storage facility in Fort Worth. Terms weren’t disclosed. The acquisition also included an adjacent 14.42-acre land parcel.

Built in 1989, the purpose-built facility at 7550 Oak Grove Rd. has modern clear heights and column spacing, loading bays, a truck court, car and trailer parking, and rail accessibility. The facility has been renovated several times, most recently in 2018, and provides freezer and cooler space.

Junction 20/35 is well-located with strong transportation networks including Interstate 20 and Interstate 35, which provides access to other areas of Texas and the greater Southern United States, as well as to three airports, DFW International, Alliance, and Love Field, CIM said. The property is also convenient to rail transportation and two major intermodal facilities, BNSF Intermodal Facility and Alliance Global Logistics Hub.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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