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206 Intermodal Pkwy, Haslet...

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

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

206 Intermodal Pkwy, Haslet, TX, 76052

Building Size

1 SF

Asset Type

Industrial

Closing

Apr 26, 2022

AI

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.

Players

Dustin Volz

Newmark

Broker

$432.2M

vol

49 deals

Broker
Clarion Partners
Clarion PartnersBuyer
Crow Holdings
Crow HoldingsSeller
Clarion Partners
Clarion PartnersLender

Fort Worth Industrial Market Snapshot

Boundary boundary · Industrial · Sale 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