Clarion Partners Acquires Property From Crow Holdings At 206 Intermodal Pkwy In Fort Worth

The property asset involved in the transaction is Intermodal Commerce Park, a fully leased industrial park located at 206 Intermodal Pkwy, Haslet, TX, 76052. The park comprises three buildings totaling 1.4 million square feet within AllianceTexas, a master-planned community. The industrial park features single-story buildings with a clear height structure of 36 feet and two buildings with 40-foot clear heights. Key features include 185-foot truck courts, 266 dock-high doors, 10 drive-up ramps, 641 parking spaces, and 325 trailer parking stalls.

Summary of transaction details:

• Property Type: Industrial Park
• Transaction Amount: Not specified
• Address: 206 Intermodal Pkwy, Haslet, TX, 76052
• Market: Fort Worth
• Seller: Crow Holdings
• Buyer: Clarion Partners
• Seller's Representative: Dustin Volz (Newmark)
• Additional Parties Involved: JLL Capital Markets arranged the sale
• Completion: Last quarter of 2021
• Leased to: H-E-B, Volkswagen, Prairie Industries, ANEW Business Solutions

The deal involved notable individuals and firms including the joint venture of Gruene Real Estate Partners, Weber & Co., and Crow Holdings Development. JLL Capital Markets facilitated the transaction with a team that included Dustin Volz, Stephen Bailey, Dom Espinosa, Wells Waller, and Jack Copher. This acquisition is part of a broader trend in the area, as demonstrated by KKR's previous acquisition of Alliance Northport, another industrial park within AllianceTexas.