Samsung Inks Full-Building Lease in Fort Worth

Fort Worth Logistics Hub. Image courtesy of VanTrust Real Estate

Samsung has signed a 670,941-square-foot lease at VanTrust Real Estate’s Fort Worth Logistics Hub, a two-building, 1.3 million-square-foot cross-dock industrial campus in Fort Worth, Texas.

Cushman & Wakefield negotiated the transaction on behalf Samsung, while CBRE and KBC Advisors represented VanTrust.

Samsung will fully occupy Fort Worth Logistics Hub’s Building I, the first phase of the development, completed in the first quarter of 2022. The second phase of the project will consist of a 607,074-square-foot building, expected to be completed in early 2023.

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Fort Worth Logistics Hub’s Building I is located at 9450 Burleson Cardinal Road. Built by Bob Moore Construction and designed by Alliance Architects, the one-story facility features ESFR fire sprinklers, 36-foot clear heights and 247 parking spots, CommercialEdge data shows.

Sitting on a 40.9-acre lot, the industrial facility is situated at the intersection of Risinger Road and Interstate 35 West, 10 miles from downtown Fort Worth, 31.2 miles from Dallas-Fort Worth International Airport and within 40 miles of Dallas. Building I was financed by a $31.6 million loan originated by UMB Bank, the same data provider shows.

Cushman & Wakefield’s Senior Director Mark Becker worked on behalf of Samsung, while CBRE’s First Vice President J. Scott Moore, KBC Advisors’ Nathan Lawrence and Krista Raymond negotiated on behalf of VanTrust.

Earlier this year, CBRE arranged another major industrial lease in Fort Worth, Texas: GXO Logistics signed a full-building, 644,318-square-foot lease at MDH Partners’ Everman Crossroads, a 954,611-square-foot, two-building industrial asset completed in 2021.