Westcore Grows Texas Portfolio to 5.5M SF with Fort Worth Acquisition
Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired buildings 1, 2 and 4 at North Quarter 35 in Fort Worth, Texas for an undisclosed amount. The 485,330-square-foot deal brings Westcore’s Texas portfolio to 5.5 million square feet of industrial space.
Buildings 1 (10717 North Freeway), 2 (2709 Graham Cracker Drive) and Building 4 (2500 Golden Triangle Blvd.) at North Quarter 35 are all 100% leased.
“Westcore is extremely proud to own three of the four buildings at North Quarter 35, which is located in one of the nation’s top-performing industrial markets,” said Managing Director Hack Adams. “This Class A, well-executed and ideally located project is an excellent addition to our Dallas-Fort Worth portfolio.”
North Quarter 35 has I-35 frontage and efficient ingress and egress via Golden Triangle Blvd. and I-35. Both routes offer direct access for north and south bound traffic. Tenants also enjoy convenient access to Alliance Airport and a short drive to Dallas Fort Worth International Airport (DFW).
North Quarter 35 offers shallow bay, rear load buildings along with a single cross dock and 30-foot plus clear height. Other features include enhanced landscaping with pedestrian zones, ESFR and ample parking.
Stream Realty Partners’ Industrial Capital Markets team led by Seth Koschak and Matteson Hamilton brokered the sale and represented the (undisclosed) seller, while Westcore represented itself.
“North Quarter 35 presented a great opportunity to acquire a newly constructed, Class A, fully leased asset with direct frontage on I-35 in one of the most dynamic industrial markets in the country” said Koschak. “Given the above-standard architectural design and product diversification, North Quarter 35 will be a great asset for many years to come.”
The acquisition marks Westcore’s first Fort Worth property and fills a gap in its broader Dallas-Fort Worth footprint.
“Through this deal, we continued to grow our relationship with Stream Realty in the Dallas-Fort Worth market,” said Adams. “We appreciate their collective confidence in Westcore’s ability to perform in the current choppy capital market environment.”