Deal Tracker: E-Commerce Sale Points to Demand Level

This FedEx property in Arkansas is a critical piece of the FedEx Ground system.

FORT WORTH—In a deal that highlights the growing demand for e-commerce related facilities among real estate buyers, net lease brokerage Stan Johnson Company has completed the $31.6 million sale of a freestanding 311,684-square-foot industrial hub package sorting and distribution facility located at 8 Industrial Pkwy. in Mabelvale, AR to WilArk LLC . It is located at the Interstate 30 and Interstate 430 interchange with access to downtown Little Rock, AR. Britton Burdette and Mollie Alteri of Stan Johnson Company represented the seller, Saad Development Corporation. Todd Blonsley of Marcus & Millichap represented the buyer. “This ground facility is a state-of-the-art fully automated package sorting facility that processes 15,000 packages per hour. We are seeing increased and healthy demand from investors for these types of operations that meet the needs of the growing e-commerce industry,” said Burdette, a director in the company’s Atlanta office. This FedEx property functions as another transfer point hub location for the tenant and is a critical piece of the FedEx Ground system. The property is a newly constructed build-to-suit for FedEx featuring clear heights of 34 and 39 feet, and more than 1,000 trailer and auto parking spaces. Burdette tells GlobeSt.com: “There has been a sociological shift in the way that we consume goods, driven by the growth of e-commerce, leading to an increased and sustained requirement for industrial facilities servicing these specialized needs of industrial users. As such, investor demand has increased dramatically for facilities tenanted with operations servicing this growing segment of our economy. This FedEx Ground package sorting facility is an example of such an investment.” Some other industrial transactions have recently recorded in the Dallas/Fort Worth metro. Green Bank N.A. sold 26.71 acres at 6000 Cromwell Marine Creek Rd. in Fort Worth to FW Western Ridge LLC. Ben McBroom and principal Jeff Givens with Transwestern represented the seller. Novikoff Furniture Limited sold an 88,000-square-foot industrial building at 2100 E. Richmond Ave. in Fort Worth to K5 Holdings Group LLC . Givens and vice president, Todd Hawpe , with Transwestern represented the seller. Shele Laminack sold 43,560 square feet of land at 105 Austin St. in Aledo, TX to Kenmark Homes LLC . Principals Jack Huff and Kyle Poulson with Transwestern represented the seller. Liberty Carton signed a 73,000-square-foot industrial lease in Mercantile Distribution Center at 2650 Sylvania Cross Dr. in Fort Worth with Mercantile Partners LP. Givens and Brett Owens with Transwestern represented the tenant. PCI Logistics Inc. signed a 12,914-square-foot industrial lease at the Las Colinas Distribution Center 5 at 3251 Story Road W. in Irving, TX with The Martino Group Development LLC . Hawpe and principal John Brewer with Transwestern represented the tenant. VPA of Texas LLC extended its 4,252-square-foot lease at 1301 W. 7th St. in Fort Worth with Texas & Southwestern Cattle Raisers Association . Principals Kirk Kelly, Jack Huff and Kyle Poulson with Transwestern represented the landlord.