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 Industrial Real Estate Sees Surge in Fort Worth
Fort Worth is experiencing a significant boom in industrial real estate development, positioning itself as a leader in the sector. Currently, the northern part of the city boasts the largest industrial real estate construction pipeline in the United States, according to data from CoStar Group.
Record-Breaking Development Activity
In total, Fort Worth has 7.7 million square feet of industrial space under construction across 20 ongoing projects. This rapid growth reflects a transformative moment for the local economy, attracting businesses that are eager to establish operations in an area marked by high demand.
AllianceTexas at the Forefront
The largest submarket in the Dallas-Fort Worth region, Hillwood’s 27,000-acre AllianceTexas, is a key contributor to this development surge. The area is witnessing a continual influx of projects and advancements, cementing its role as an essential player in Fort Worth’s industrial growth.
Leading Tenant Demand in the Region
In addition to its construction projects, the Dallas-Fort Worth (DFW) area leads the nation in industrial tenant demand, recording 22.3 million square feet of absorption over the past year. This robust growth showcases the region’s appeal to businesses looking to expand their footprint.
Key Players in the Market
Hillwood remains a dominant force within this flourishing industrial landscape. The company is responsible for two of the top three projects in development:
- Westport 24 – A massive 1.15 million square feet project.
- Alliance Westport 14 – A 767,000 square foot property recently acquired by Wistron Corp.
Hillwood is also planning to break ground on 1.1 million square feet across two additional projects by 2026, which will further enhance the industrial infrastructure in Fort Worth.
New Leases and Property Sales
On the leasing front, LanCarte Commercial has recently finalized a deal for a 31,780-square-foot industrial building in Fort Worth, designated as the new headquarters for Tarrant County Emergency Services. Located at 14485 U.S. 377, the site spans 3 acres and includes 2,415 square feet of office space.
In another notable transaction, CanTex Capital sold an eight-building, 44-acre industrial outdoor storage portfolio to Stockbridge Capital Group. Fully leased and strategically located near major freeways and rail hubs, this portfolio is well-positioned to meet the rising demand for industrial space in the area.
Industry Transactions and Future Goals
CanTex has solidified its reputation by completing transactions exceeding 8.3 million square feet of Class B industrial space since 2020. Meanwhile, S2 Capital made headlines by acquiring Fort Capital, expanding its reach into the industrial real estate market with an 11 million-square-foot industrial portfolio based primarily in Texas.
Strategic Market Positioning
Under S2 Capital’s ownership, Fort Capital plans to focus on acquiring value-add and core-plus industrial assets in fast-growing U.S. markets. Their existing multifamily portfolio, comprising 28,000 units valued at around $5 billion, indicates ambitious growth strategy ahead.
Conclusion: A Bright Future for Industrial Real Estate in Fort Worth
Fort Worth is rapidly evolving into a central hub for industrial real estate, marked by significant development projects and substantial investments. As the area continues to attract businesses, residents and stakeholders alike should stay informed about the evolving landscape, hinting at a promising economic future for the region.
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 AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis 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 SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
