Transwestern Wraps Up Fort Worth Industrial Campus

November 4, 2024

Industrial Dallas Development NewsMoreSouthwest

This complex totals more than 900,000 square feet.

Aerial view of Mid-Cities Logistics, an industrial campus in Fort Worth, Texas. — Mid-Cities Logistics comprises some 908,000 square feet of industrial space across five buildings. *Image courtesy of Adolfson & Peterson Construction*

Transwestern Development Co. has completed Mid-Cities Logistics, a five-building, 908,300-square-foot Class A logistics hub in southeast Fort Worth, Texas. Adolfson & Peterson Construction served as general contractor.

According to information provided by CommercialEdge, the five buildings are:

Building A: 3152 Sandy Lane, 116,480 square feet

Building B: 7501 Buttercup Lane, 76,190 square feet

Building C: 7553 Buttercup Lane, 203,980 square feet

Building D: 3201 Boswell Drive, 388,905 square feet

Building E: 3253 Boswell Drive, 121,740 square feet

The developer had broken ground on the 65-acre project in February 2023. Fifth Third Bank provided about $64.5 million in construction financing, also according to CommercialEdge.

The property is just north of Highway 180, providing direct access to Interstate 820. The location is some 10 miles from downtown Fort Worth and 25 miles from downtown Dallas.

AP is also engaged with other projects in the Dallas–Fort Worth metro, including the renovation of more than 310,000 square feet of industrial space at the Sunrise Commerce Center in Round Rock, Texas, and the construction of a 325,000-square-foot data center in Fort Worth.

Starting to decelerate

Barely a month ago, Hillwood announced plans to develop a 1.1 million-square-foot, speculative Class A industrial building in Fort Worth, at the 27,000-acre AllianceTexas campus.

Industrial space demand in the Metroplex saw a combined 18.8 million square feet of net absorption at the end of September, according to a third-quarter report from Cushman & Wakefield. The region’s overall vacancy of 9.3 percent, already the highest since 2014, is forecast to rise even more.

Although deliveries have been substantial, with the vast majority of space being speculative, they’re also tapering off, Cushman & Wakefield reports.