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14800 Blue Mound Rd Fort Wo...

Southwire Leases 1.2M SF Industrial Space At AllianceTexas- Sean Boswell & Chris Teesdale Reps Tenant
LEASEDIndustrial

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

Chris Teesdale

Colliers

Broker

4 deals

Broker

Ross Perot Jr.

Hillwood

Landlord

$200M

vol

5 deals

Landlord

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