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.
Fort Worth Leads the Charge in Industrial Real Estate Development
Hey there, folks! Let’s take a deep dive into the bustling world of industrial real estate development right here in our very own Fort Worth. As many of you may already know, this vibrant city isn’t just known for its rich culture or barbecue joints—the industrial sector is really starting to shine!
Pipeline of Excitement
You won’t believe it, but far north Fort Worth currently boasts the **largest industrial real estate construction pipeline in the entire United States.** That’s right! According to studies by CoStar Group, this area is buzzing with activity boasting a whopping 7.7 million square feet in the pipeline across 20 ongoing projects. Talk about a transformational moment for our local economy!
AllianceTexas – The Heart of It All
For those not in the know, this bustling area includes Hillwood’s **27,000-acre AllianceTexas**, which is the largest submarket in the Dallas-Fort Worth region. It seems like every day we’re hearing new developments popping up, and this is a key player in driving that growth.
Leading Industrial Demand
The Dallas-Fort Worth (DFW) area isn’t just resting on its laurels, either. It leads the nation in industrial tenant demand, showcasing an impressive 22.3 million square feet of absorption over the past 12 months alone. That’s a clear indicator of how attractive this region is for businesses looking to set up shop.
Major Players Making Moves
Within this impressive industrial ecosystem, Hillwood proves to be a significant player, highlighted by two of the three top projects currently in the pipeline. These include:
- Westport 24 – A massive 1.15 million square feet project.
- Alliance Westport 14 – A newly acquired 767,000 square foot property purchased by Wistron Corp.
But wait, there’s more! Hillwood isn’t done yet, as they plan to break ground on an additional 1.1 million square feet across two new projects by 2026. Just imagine how that’ll further amplify Fort Worth’s industrial landscape!
Exciting New Leases and Sales
And if you thought that was it, CanTex Capital recently announced the sale of an **eight-building, 44-acre industrial outdoor storage portfolio** to Stockbridge Capital Group. This portfolio is fully leased and caters to the high demand in submarkets, facilitating various uses while offering easy access to major freeways and rail hubs, not to forget the proximity to Dallas Fort Worth Airport!
CanTex and S2 Capital on the Move
CanTex has made quite a name for itself, having transacted over 8.3 million square feet of Class B industrial space since 2020. Meanwhile, S2 Capital has made headlines by acquiring Fort Capital, a move that marks their entrance into the industrial real estate sector. This acquisition covers an incredible 11 million-square-foot industrial portfolio primarily based right here in Texas.
Looking Ahead
Under S2’s ownership, Fort Capital is set to target value-add and core-plus industrial assets in high-growth U.S. markets. With their existing multifamily portfolio of 28,000 units valued at approximately $5 billion, it seems they’re positioning for some significant growth ahead.
In conclusion, Fort Worth is indeed the place to be for industrial real estate right now, with tremendous developments taking shape and substantial investments happening. So, whether you’re a local business or just an interested resident, keep your eyes peeled—there’s a lot more to come!
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 DALLAS WRITER
The DALLAS STAFF WRITER represents the experienced team at HEREDallas.com, your go-to source for actionable local news and information in Dallas, Dallas 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 State Fair of Texas, Deep Ellum Arts Festival, and Dallas International Film Festival. Our coverage extends to key organizations like the Dallas Regional Chamber and United Way of Metropolitan Dallas, plus leading businesses in telecommunications, aviation, and semiconductors that power the local economy such as AT&T, Southwest Airlines, and Texas Instruments. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.