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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