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Stonelake Picks Up 361K-SF FW Industrial Park
GTIS Partners and Hopewell Development sold Champions Circle Business Park, a 361,040-square-foot industrial campus in Fort Worth. Stonelake Capital Partners was the buyer.
Commercial Edge reports the duo developed the project in 2021, thanks to a $23.4 million construction loan. Champions Circle was delivered in 2022.
The park consists of three buildings—two 82,240-square-foot facilities and a third measuring 196,560 square feet. Located on 21 acres at 15860 Championship Parkway, the industrial campus is less than one mile from Highway 114 and Interstate 35W.
Champions Circle Business Park is part of the 27,000-acre Alliance Texas master-planned development, which encompasses 60 million square feet of built space including office, industrial, retail and residential.
The tenant roster includes Optimas, an industrial fastener distributor and manufacturer, Elliott Electric Supply, and Lab Supply, a provider of products for research facilities.
- ◦Sale/Acquisition