DALLAS—During the past three years, Fort Capital has established itself as an aggressive purchaser of class-B industrial assets that capitalizes on market and capital improvements. Following that strategy, Fort Capital recently closed the sale of an 18-building light industrial portfolio totaling 606,889 square feet across the Dallas-Fort Worth market.
"We continue to be focused on acquiring class-B multi-tenant light industrial assets in core markets across Texas," said Chris Powers, Fort Capital founder and CEO. "Texas continues to be a hot spot for industrial as proven by rental rates increasing even during a global pandemic. This asset class offers a robust tenant base across a variety of industries, and the demand continues to grow while the supply is shrinking, making it an attractive investment."
The portfolio includes a diverse range of tenants and was 95% occupied at the time of the sale. Each property has access to the DFW metroplex through a variety of thoroughfares including Interstate 35, Interstate 635, Interstate 20 and Interstate 30.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
