GXO Logistics’ 644,318-square-foot dedication is a file industrial lease for the owner.
GXO Logistics has signed a full-building, 644,318-square-foot lease with landlord MDH Companions. The tenant will occupy Constructing Two at Everman Crossroads, a 954,611-square-foot, two-building industrial property in Fort Value, Texas.
The settlement, which marks MDH’s largest lease in Texas, introduced the campus to full occupancy. The asset final traded in 2021—the yr the buildings had been accomplished, in keeping with CommercialEdge information.
Constructing Two is located on a 31.5-acre web site at 1401 Everman Parkway and affords 40-foot clear heights and 241 parking areas. Positioned at 8400 Oak Grove Street, Constructing One consists of 309,963 sq. toes throughout 31.6 acres and is totally leased to Purina Animal Diet.
The property is adjoining to Interstate 35W and sits roughly 10 miles south of downtown Fort Value, whereas Dallas is 40 miles east. Different industrial tenants within the surrounding space embrace Lineage Logistics, NFI, Cemco Corp. and HGR Industrial Surplus, amongst others.
First Vice President J. Scott Moore and Government Vice President Steve Koldyke of CBRE had been in command of advertising and marketing Constructing Two, whereas Colliers Government Vice President Allen Gump and Vice President Allyson Yost labored on behalf of the tenant.
MDH Companions’ largest industrial asset in Texas
MDH’s industrial portfolio in Texas includes roughly 2.2 million sq. toes. The corporate owns seven industrial properties within the DFW market, with a footprint of roughly 1.9 million sq. toes, CommercialEdge information reveals. Everman Crossroads Constructing Two is the most important of those belongings.
Just lately, MDH offered an industrial portfolio of 58 properties throughout the Solar Belt, for $1.26 billion, to Singapore’s sovereign wealth fund GIC. The corporate retained a stake within the 9.7 million-square-foot portfolio.
