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6440 Oak Grove Road

Updated Jun 26, 2025

TA Realty Secures $52 Million Loan From Empower Annuity Insurance Co. For Carter Park Distribution Center In Fort Worth
FINANCEDIndustrial

TA Realty Secures $52 Million Loan From Empower Annuity Insurance Co. For Carter Park Distribution Center In Fort Worth

6440 Oak Grove Road & 6445 Will Rogers Boulevard

$52,000,000

$26/SF

Building Size

970,000 SF

Asset Type

Industrial

Closing

Jun 25, 2025

About this deal

AI

The asset involved in this transaction is the Carter Park Distribution Center, an industrial property located at 6440 Oak Grove Road and 6401–6445 Will Rogers Boulevard in Fort Worth. The property comprises three buildings and offers a total square footage of 970,000. The transaction involves a refinance loan amounting to $52,000,000, secured from Empower Annuity Insurance Company and is fully leased with amenities including cold storage and rail access.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $52,000,000
  • Lender: Empower Annuity Insurance Company
  • Landlord: Michael R. Haggerty & James O. Buckingham - TA Realty
  • Loan Type: Refinance
  • Previous Loan Amount: $38,000,000
  • Market: Fort Worth
  • Proximity: Major interstates and Fort Worth Meacham Airport

TA Realty played a pivotal role in securing the refinance loan, representing the landlords, Michael R. Haggerty and James O. Buckingham, in this transaction. The refinancing was undertaken to replace an existing loan issued in 2023, highlighting the ongoing financial management of the property by the landlords.

Players

Empower Annuity Life Insurance Company
Empower Annuity Life Insurance CompanyLender
TA Realty
TA RealtyLandlord
TA Realty
TA RealtyLandlord
TA Realty
TA RealtyLandlord

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $26 per square foot on a published $52M for 1,940,000 square feet (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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