Fort Capital Expands Industrial Portfolio by 620K SF
Fort Capital recently expanded its industrial portfolio with the acquisition of five class-B industrial properties totaling nearly 620,000 square feet across Dallas-Fort Worth. These include 1170 109th St. in Grand Prairie totaling 93,079 square feet, 1901 Windsor Pl. in Fort Worth totaling 148,354 square feet, 10920 Indian Trail in Dallas totaling 144,396 square feet, 1115 Sturgeon Ct. in Arlington totaling 170,390 square feet and 2045 W Walnut Hill in Irving totaling 61,870 square feet.
In addition, Fort Capital is under contract on 413,000 square feet in Dallas, Houston and San Antonio expected to close by July 1. Fort Capital is actively acquiring class-B Industrial buildings between $5 and $75 million in those major metropolitan areas as well.
“Our goal this year is to remain hyper-focused on class-B industrial. This asset class has proven to be scalable and stable despite the challenges of 2020. Based on our current pipeline, we are expecting to purchase an additional 1.25 million square feet by the end of the year,” said Jason Baxter, CEO and president.
- ◦Sale/Acquisition