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MEI Rigging & Crating Signs...

Updated Sep 29, 2026

MEI Rigging & Crating Signs 603,638 Square Foot Industrial Lease In West Fort Worth
LEASEDIndustrial

MEI Rigging & Crating Signs 603,638 Square Foot Industrial Lease In West Fort Worth

Building Size

603,638 SF

Asset Type

Industrial

Closing

Sep 24, 2026

About this deal

AI

The property asset involved in this transaction is an industrial facility located at Chapin Road & Alemeda Street in the West Fort Worth market. The total square footage of the asset is 603,638, and it is part of a larger development known as West Worth Commerce Center, which encompasses 71 acres and features four buildings totaling 991,038 square feet. The landlord for this property is a partnership between Forefront Commercial Real Estate and Ares Management.

Summary of transaction details:

MEI Rigging & Crating has secured a lease within this new industrial development, with Apex Industrial serving as the tenant’s representative throughout the leasing process. The involvement of Holt Lunsford Commercial in representing the landlord highlights the collaboration between the key players in this significant transaction.

Players

Matt Carthey

Holt Lunsford Commercial

Broker

28 deals

Broker
Ares Management
Ares Management Landlord
MEI Rigging & Crating
MEI Rigging & CratingTenant
Bilt advertisement

Market 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

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