The transaction involved the sale of a four-acre parcel located at 2525 Handley Ederville Road in the industrial market of Richland Hills. This site was previously occupied by a 150,000-square-foot facility known as Advanced Foam Recycling, which was destroyed by a fire in 2021. Following the fire, the structure was demolished, and the site was acquired by the seller, Bridge Cap Partners, in 2022 as a strategic investment opportunity. The property is situated near major thoroughfares, including Interstate 820 and State Highway 121, enhancing its accessibility for servicing both Fort Worth and Dallas.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: Not disclosed
• Address: 2525 Handley Ederville Road
• Market: Richland Hills
• Buyer: G-Catch
• Seller: Bridge Cap Partners
• Buyer's Representative: Forrest Cook - Stream Realty Partners
• Seller's Representative: Michael Ytem - Younger Partners
• Notable Detail: The property sold within three months of its listing date.

Forrest Cook, serving as the Senior Vice President at Stream Realty Partners, represented G-Catch in this transaction. Michael Ytem, the Senior Vice President at Younger Partners, represented Bridge Cap Partners. Ytem stated that the site's location was a significant factor in driving interest, noting that it sits at the boundary where the East Fort Worth submarket meets the Mid-Cities. Cook highlighted that the new owner has plans to develop flex and retail buildings on the property, capitalizing on the demand for industrial spaces in the area.