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7339 Tower Street

Ackerman & Co. Acquires 258,846 SF Industrial Property In Fort Worth From Cohen Asset Management
SOLDIndustrial

Ackerman & Co. Acquires 258,846 SF Industrial Property In Fort Worth From Cohen Asset Management

7339 Tower Street

Building Size

258,846 SF

Asset Type

Industrial

Closing

Jul 28, 2025

AI

The property asset involved in this transaction is the Midway Business Park, an industrial property located at 7339-7345, 7348-7354, 7426, 7427-7429, 7437-7445, 7436, 7450 Tower Street, 7451, 7427, 7431, 7336 & 7338-7360 Dogwood Park in Fort Worth, Texas. This asset encompasses a total square footage of 258,846 and was 91% leased to 29 tenants at the time of closing.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 7339-7345, 7348-7354, 7426, 7427-7429, 7437-7445, 7436, 7450 Tower Street, 7451, 7427, 7431, 7336 & 7338-7360 Dogwood Park
  • Market: Fort Worth
  • Buyer: Ackerman & Co.
  • Seller: Bradley Cohen - Cohen Asset Management
  • Brokers: Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry & Emily Brandt - Cushman & Wakefield

Cushman & Wakefield acted as the representative for the seller, Cohen Asset Management, in this transaction. The deal involved key personnel, including Bradley Cohen from the seller's side and a team of five brokers from Cushman & Wakefield who facilitated the transaction.

Players

James Carpenter

Cushman & Wakefield

Broker

$373.6M

vol

19 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Cohen Asset Management
Cohen Asset ManagementSeller

Richland Hills 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