Traders snap up Fort Worth industrial structures

Buyers have bought three industrial properties in southwest Fort Really worth.

Fort Well worth-dependent Corinth Land Co. and Dallas-primarily based Prattco Creekway Industrial acquired a few warehouse properties in the Interstate 20 corridor on Corporation Parkway.

The properties have more than 71,000 sq. toes of space and are fully occupied by tenant Summit Casing.

Corinth Land and Prattco now possess nine buildings in the encompassing business park.

“We proceed to be strategic in our acquisitions in Fort Well worth and North Texas in general,” Corinth Land Co. president and founder Paun Peters stated in a assertion. “When you take into consideration the magnitude of Walsh Ranch and other critical developments prepared for the spot, investing in this house continues to meet our limited- and long-term indicators.”

The just-accomplished making obtain was financed by Veritex Lender with fairness financial investment from Western Manufacturing Co. and Prattco.

The two corporations now possess 700,000 sq. feet of industrial house in North Texas.

“Industrial advancement and financial commitment continue to be a solid sector, despite the financial difficulties that the pandemic has brought to 2020,” mentioned Lance Bozman, Prattco handling spouse. “We look forward to even a lot more prospect for industrial investments in 2021 and hope for brighter macro-economic times ahead.”