May 18, 2017
Joining the industrial party around Hillwood
FORT WORTH – Industrial development is still going strong in Fort Worth, as other firms such as Trammell Crow Co., IDI and Stream Realty Partners have joined the party with...
FORT WORTH – Industrial development is still going strong in Fort Worth, as other firms such as Trammell Crow Co., IDI and Stream Realty Partners have joined the party with surrounding projects that build on Hillwood’s foundation.
Steam Realty Partners completed work on a new 538,000-sf Northlake headquarters for Farmer Brothers Coffee, which includes a 125,000-sf roasting plant and 258,000-sf distribution center.Industrial development remains brisk in other areas of Fort Worth, too, most notably in Railhead Industrial Park, Mercantile Center and Carter Industrial Park, where Hunt Southwest is underway with a 657,000-sf spec project.
This project follows a 301,500-sf facility the developer opened at the Riverbend West development in east Fort Worth late 2016.
All told, 1.3 million sf of industrial space is under construction in the North Fort Worth submarket, with another 1.9 million sf underway in Alliance, according to Cushman & Wakefield’s statistics.
There is 8.5 million sf of unoccupied industrial space, which translates to a 7.3 percent vacancy rate— just a tick higher than the market-wide total of 7.2 percent.
By Adam Hammack, Senior Director, Cushman & Wakefield.
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