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DrinkPAK Leases 2.9M SF Industrial Space In Fort Worth With Rep Patrick DuRoss

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LEASED

Texas

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Industrial2,900,000 SF
Leased 12/04/2023
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Property Image
LEASED

DrinkPAK Leases 2.9M SF Industrial Space In Fort Worth With Rep Patrick DuRoss

Industrial2,900,000 SF
Leased 12/04/2023
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:2,900,000 SF
Transaction Type:Lease

Fort Worth's DrinkPAK has closed two industrial leases totaling 2.9 million sq ft, as part of its $452 million DFW expansion. The leases are located at 25001 Eagle Parkway and Carter Park East. DrinkPAK aims to create 1,000 jobs by 2026. The locations received a $21 million tax abatement from the city to support long-term development.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 25001 Eagle Parkway, Fort Worth
  • Market: Fort Worth
  • Square footage: 2,900,000

The industrial leases were facilitated by Crow Holdings Capital, represented by Michael Levy, Rob Riner Companies represented by Rob Riner, and Clarion Partners represented by David J Gilbert. The tenant, DrinkPAK, was represented by Nick Patena. The broker in the deal was Patrick DuRoss from Newmark.

Players

Patrick DuRoss
Newmark
Patrick DuRoss
6 deals$123.1M volume
BROKER
D
DrinkPAK
TENANT

Details

LEASED
IMAGE: Michael Levy, Rob Riner, David J Gilbert, Nick Patena, Patrick DuRoss DATE: 12/04/2023 ADDRESS: 25001 Eagle Parkway MARKET: Fort Worth ASSET TYPE: Industrial ~ SF: 2,900,000 LANDLORD: Crow Holdings Capital - Michael Levy; Rob Riner Companies (@RobRinerCompanies) - Rob Riner; Clarion Partners - David J Gilbert TENANT: DrinkPAK - Nick Patena BROKER: Patrick DuRoss - Newmark (@Newmark) NOTE: Fort Worth's DrinkPAK has closed two industrial leases totaling 2.9 million sq ft, part of its $452 million DFW expansion, aiming to create 1,000 jobs by 2026. The city approved a $21 million tax abatement for the locations at Eagle Parkway and Carter Park East to support long-term development.

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Deal Type
Effective Rent (Annual)

$166,226,250.02

Total Lease Value

$1,662,262,500.16

Net Landlord Cash Flow$166,226,250.02