Updated Sep 29, 2026
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:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: Chapin Road & Alemeda Street
- Market: West Fort Worth, TX
- Square Footage: 603,638
- Landlord: Forefront Commercial Real Estate & Ares Management
- Tenant: MEI Rigging & Crating
- Landlord's Representative: Matt Carthey, Canon Shoults & Trey Goodspeed - Holt Lunsford Commercial
- Tenant's Representative: David Cartwright & Charley Dickenson - Apex Industrial
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
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