“This project represents a unique opportunity for us to develop a Class A industrial warehouse space in a prime location,” GTIS’ Robert McCall said in a statement. “We look forward to adding the development to our growing portfolio of industrial assets across Texas and throughout the U.S.”The building site is one of the last industrial development locations in that area, according to the buyer. Construction on the warehouse is set to start in March.
South Fort Worth industrial project will bring two big warehouses“Acquiring this site in the DFW Airport submarket will allow our future tenants to pull from a strong, diverse labor pool given its central location and connectivity to Highway 121 and I-635,” GTIS’s Gaurav Sahay said. “This is a strategic investment for our U.S. industrial portfolio and is consistent with our desire to invest in submarkets that continue to show strong demand and have high barriers to entry.