FORT WORTH, Texas (July 13, 2022) – Fort Capital has acquired the Euless Industrial Portfolio in Euless.
This portfolio consists of 10 Class B industrial buildings totaling 226,663 square feet. It currently has an in-place occupancy of 98% with 36 tenants across various industries such as mechanical, logistics, furniture, and fabrication.
Located in the W. DFW Airport/Grapevine Submarket, the property provides tenants easy access to major transportation arteries including Highway 360, Highway 114, Highway 121, and Highway 183/I-820. Its central location allows tenants to reach virtually anywhere in the metroplex within one hour. This submarket also includes DFW International Airport, one of the busiest passenger and cargo airports in the world.
With a limited supply of like-kind assets in the submarket and the proximity to households and major transportation arteries, the properties are well positioned for ongoing tenant demand. “While there was a lack of inventory before this surge in population growth in the metroplex, now the industrial market is bursting at the seams, leaving no choice for these service providers but to expand into the suburbs of Tarrant County,” said Jason Baxter, CEO and President. “Based on this, we are eager to add value to this asset and continue providing high quality service to this tenant base.”
Fort Capital is actively acquiring Class B industrial and office buildings between $15M to $100M in major metropolitan areas of Texas as well as Florida, Tennessee, and North/South Carolina.
ABOUT FORT CAPITAL
Fort Worth, Texas-based Fort Capital is a privately-owned real estate investment firm with a track record of transacting over $1.7 billion in assets throughout Texas and the Sun Belt. Fort Capital’s mission is to acquire prime real estate, operate with excellence, and deliver exceptional returns to all stakeholders. For more information, visit www.FortCapitalLP.com.