News Summary
Fort Worth is experiencing a significant industrial real estate boom, boasting the largest construction pipeline in the U.S. with 7.7 million square feet across 20 ongoing projects. Notably, Hillwood’s AllianceTexas is a major driver of this growth, with substantial new leases and sales recorded. The DFW area showcases an impressive tenant demand, indicating its attractiveness for businesses. CanTex Capital and S2 Capital are also making moves in the sector, further cementing Fort Worth as a key player in industrial real estate development.
Texas leads the nation in industrial real estate development, with Fort Worth emerging as the standout city boasting the largest industrial construction pipeline. According to a recent report from CoStar Group, the area is seeing significant growth with 7.7 million square feet of industrial space currently under development across 20 ongoing projects.
The prominence of Fort Worth in industrial real estate can largely be attributed to Hillwood’s extensive AllianceTexas, a 27,000-acre development that constitutes the largest submarket within the Dallas-Fort Worth region. This ambitious project is pivotal in accommodating the escalating demand for industrial space.
In the past year, the Dallas-Fort Worth area has led the country in industrial tenant demand, absorbing 22.3 million square feet of space. This remarkable figure highlights the attractiveness of the region for businesses seeking industrial facilities, further contributing to the surge in construction.
Key Projects and Developments
Hillwood maintains a significant presence in the Fort Worth industrial market with two of the three top projects currently in the construction pipeline. The projects include Westport 24, which spans 1.15 million square feet, and Alliance Westport 14, covering 767,000 square feet, recently acquired by Wistron Corp. Additionally, Hillwood has plans to initiate two more projects totaling 1.1 million square feet by 2026, further expanding the area’s industrial capabilities.
LanCarte Commercial recently finalized a lease for a new 31,780-square-foot industrial building specifically designed for Tarrant County Emergency Services. This facility, located at 14485 U.S. 377, occupies a 3-acre lot that includes 2,415 square feet of office space, illustrating the diverse needs being addressed within the Fort Worth industrial market.
Recent Transactions
The industrial real estate activity in Fort Worth is further evident through several noteworthy transactions. CanTex Capital has successfully sold an eight-building outdoor storage portfolio covering 44 acres to Stockbridge Capital Group. This portfolio is fully leased and strategically situated in high-demand submarkets, providing vital access to major highways and rail systems, in addition to being in proximity to Dallas Fort Worth Airport.
Since 2020, CanTex Capital has been an active player in the market, transacting over 8.3 million square feet of Class B industrial space, which signifies a robust appetite for such assets in the region.
S2 Capital’s Market Entry
In another significant development, S2 Capital has acquired Fort Capital, bringing with it an 11 million-square-foot industrial portfolio primarily located in Texas. This acquisition marks S2 Capital’s formal entry into the industrial real estate sector, diversifying its investment strategy and portfolio. Under S2’s management, Fort Capital will focus on acquiring industrial assets that are classified as value-add and core-plus in high-growth markets throughout the United States.
Previously focused on multifamily investments, S2 Capital boasts a substantial portfolio of 28,000 units valued at approximately $5 billion. Since its inception, Fort Capital has successfully executed over $2.1 billion in transactions, totaling upwards of 21 million square feet, while raising $403 million in equity, showcasing its capability and reach within the industrial real estate landscape.
Conclusion
The current trajectory of industrial real estate development in Fort Worth solidifies Texas’ position as a vital hub for businesses seeking modern industrial spaces. With ongoing and future projects, along with significant transactions and developments in the pipeline, the area is well-placed to continue leading national trends in industrial real estate growth.
Deeper Dive: News & Info About This Topic
- Fort Worth Inc: LanCarte Commercial Finalizes Lease
- Business Wire: CanTex Capital Announces Sale
- WFAA: North Fort Worth Has Largest Industrial Pipeline
- JLL: Dallas-Fort Worth Industrial Insights
- Dallas Innovates: S2 Capital to Acquire Fort Worth-Based Fort Capital
Author: STAFF HERE GEORGETOWN
The GEORGETOWN STAFF WRITER represents the experienced team at HEREgeorgetown.com, your go-to source for actionable local news and information in Georgetown, Williamson County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Red Poppy Festival, Georgetown Swirl, and Christmas Stroll. Our coverage extends to key organizations like the Georgetown Chamber of Commerce and the Downtown Georgetown Association, plus leading businesses in manufacturing and tourism that power the local economy such as local wineries and historic downtown shops. As part of the broader HERE network, including HEREaustin.com, HEREcollegestation.com, HEREdallas.com, HEREhouston.com, HEREgeorgetown.com, and HEREsanantonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
