An Atlanta investor has paid $67.5 million for a Fort Worth shipping center. The Fort Worth Logistics Hub located in South Fort Worth is fully leased to...
“Dallas-Fort Worth remains a strategic market for us, and is a key logistics hub serving both the growing metro population and the surrounding region,” Joe DeHaven, senior managing director at MDH Partners, said in a statement. “With some economic uncertainty looming, one of our focuses currently is to pursue long-term leased newly constructed buildings in tier one Sunbelt markets, and this asset fits that profile well.
Completed last year, the property on Burleson Cardinal Road sits on almost 40 acres. The building, part of a 75-acre business park being developed by VanTrust Real Estate, is occupied by Samsung SDS America, a provider of logistics and IT services to the Samsung Group.The new owner has other North Texas properties. In 2021, MDH Partners bought the 1 million-square-foot Everman Crossroads industrial park, which is leased to Purina and GXO.
The investor now has more than 3 million square feet of real estate in Texas. It recently expanded its holdings into markets in California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania. The property company owns more than 101 assets across 20 states.
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