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Stillwater Unloads 900K SF Forney Industrial Property
Logistics Crossing, a 904,495-square-foot, newly constructed, cross-dock industrial property located in Forney, Texas was recently sold by Stillwater Capital and Grandview Partners. The property was 100% leased at the time of sale to Knight-Swift, the fifth largest publicly traded trucking company in the United States.
Newmark’s Dustin Volz led a team that represented the sellers in the sale. EQT Exeter was the buyer. According to its website, EQT Exeter, with headquarters in the UK as well as the US, was created through the combination of Exeter Property Group and EQT’s real estate businesses in April 2021 and is among the largest real estate investment managers in the world.
Delivered in January 2023, the property features 40’ clear height, cross-dock configuration, 161 total dock doors and 198 trailer stalls, with the ability to add up to 154 more stalls.
According to Newmark Research, Texas is the second largest destination for industrial investors, with $15.6 billion flowing into the state in 2022.
- ◦Sale/Acquisition
