HFF Arranges Sale of Fort Worth Industrial Property
- Sep 19, 2018
PIRET has acquired 35|820 @ Mercantile Center, a newly developed Class A industrial building in Fort Worth, Texas. HFF marketed the property on behalf of the seller, Hunt Southwest.
Located at 4800 N. Sylvania Ave., the one-story building comprises 657,043 square feet and was completed in August 2017. Property features include a 36-foot clear height, 152 overhead dock doors, a low office finish, motion sensors, a deep truck court, four drive-in doors, LED warehouse lighting and skylights. Situated on 34.5 acres, 35|820 @ Mercantile Center is located within Fort Worth’s Meacham/Fossil Industrial submarket. The asset offers convenient access to interstates 35W and 820, is 5 miles from downtown Fort Worth, 30 miles from downtown Dallas, 5 miles from Fort Worth Intermodal Transportation Center and 12 miles from the BNSF Intermodal Terminal.
The HFF investment advisory team representing the seller included President & Executive Managing Director Jody Thornton, Managing Director Adam Herrin and Director Stephen Bailey.
Last month, HFF marketed the $148 million sale of a 20-building industrial portfolio, on behalf of the seller, Adler Real Estate Partners. Exeter Property Group was the buyer in the deal, which consisted of 1.3 million square feet across five assets in Dallas, Charlotte, N.C., and Houston.
Image courtesy of HFF