Southwire Leases 1.2M SF Industrial Space At AllianceTexas- Sean Boswell & Chris Teesdale Reps Tenant
14800 Blue Mound Rd Fort Worth, Tx 76177, Usa
Building Size
1,200,000 SF
Asset Type
Industrial
Closing
Jul 28, 2023
AI
Southwire, a wire and cable manufacturer, leased a 1.2 million-square-foot space at AllianceTexas in North Fort Worth. The property is located at 14800 Blue Mound Road and is classified as an industrial asset. The lease was completed on July 28, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not Available
- Square Footage: 1,200,000
- Address: 14800 Blue Mound Road
- Market: Fort Worth
Hillwood, represented by Reid Goetz, Samuel Rhea, and Jack Barkley, served as the landlord for this lease. Meanwhile, Southwire was represented by Sean Boswell and Chris Teesdale from Colliers. The lease allowed Southwire to expand Alliance Westport 25 to meet their specific requirements. Hillwood and Colliers played crucial roles in facilitating the lease transaction.
Players
Valley Falls Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93