Fort Price Logistics Hub. Picture courtesy of VanTrust Actual Property
Samsung has signed a 670,941-square-foot lease at VanTrust Actual Property’s Fort Price Logistics Hub, a two-building, 1.3 million-square-foot cross-dock industrial campus in Fort Price, Texas.
Cushman & Wakefield negotiated the transaction on behalf Samsung, whereas CBRE and KBC Advisors represented VanTrust.
Samsung will totally occupy Fort Price Logistics Hub’s Constructing I, the primary section of the event, accomplished within the first quarter of 2022. The second section of the venture will encompass a 607,074-square-foot constructing, anticipated to be accomplished in early 2023.
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Fort Price Logistics Hub’s Constructing I is situated at 9450 Burleson Cardinal Street. Constructed by Bob Moore Development and designed by Alliance Architects, the one-story facility options ESFR fireplace sprinklers, 36-foot clear heights and 247 parking spots, CommercialEdge knowledge reveals.
Sitting on a 40.9-acre lot, the commercial facility is located on the intersection of Risinger Street and Interstate 35 West, 10 miles from downtown Fort Price, 31.2 miles from Dallas-Fort Price Worldwide Airport and inside 40 miles of Dallas. Constructing I used to be financed by a $31.6 million mortgage originated by UMB Financial institution, the identical knowledge supplier reveals.
Cushman & Wakefield’s Senior Director Mark Becker labored on behalf of Samsung, whereas CBRE’s First Vice President J. Scott Moore, KBC Advisors’ Nathan Lawrence and Krista Raymond negotiated on behalf of VanTrust.
Earlier this 12 months, CBRE organized one other main industrial lease in Fort Price, Texas: GXO Logistics signed a full-building, 644,318-square-foot lease at MDH Companions’ Everman Crossroads, a 954,611-square-foot, two-building industrial asset accomplished in 2021.
