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

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.