Cathy Marcus Of PGIM Leases 186577 SF At Carter Distribution Center To FedEx Ground In Fort Worth
6633 Oak Grove Road
Building Size
186,577 SF
Asset Type
Industrial
Closing
Jul 10, 2025
AI
The property asset involved in the transaction is located at 6633-6657 Oak Grove Road in Fort Worth. This industrial asset spans 186,577 square feet and is part of a 1 million square foot industrial complex that was constructed in 2018.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 6633-6657 Oak Grove Road
- Market: Fort Worth
- Landlord: Cathy Marcus - PGIM
- Tenant: Frederick Smith - FedEx Ground Package System
- Landlord's Representative: Matt Carthey & Thomas Grafton - Holt Lunsford Commercial
- Tenant's Representative: Thomas Eddins - Fischer & Company
In this transaction, FedEx Ground renewed its lease at Carter Distribution Center. The landlord, PGIM, was represented by brokers Matt Carthey and Thomas Grafton from Holt Lunsford Commercial, while the tenant was represented by Thomas Eddins from Fischer & Company.
Players
Fort Worth 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