Fort Worth-based Fort Capital has picked up another 600K SF industrial space in the Dallas-Fort Worth area, hitting an intermediate goal on the way to a 2M SF portfolio.
The new acquisition, 4040 Forest Lane in Garland, is 94% leased. The site was originally the Navistar International truck manufacturing plant, which employed more than 900 people before it closed in 2013. It has 27 acres of concreted outside storage and trailer parking. Fort Capital has retained TIG to lease it up.
The purchase represents Fort Capital’s biggest industrial acquisition to date, bringing its industrial portfolio to just over 1M SF. Fort Capital has another 250K SF under contract to close in Q3 2018. It was formed one year ago and aims to have purchased 2M SF by Q3 2019.
