KwiKool Portable Cooling Systems Acquires 7.5 Acres Of Land In Stafford For Expansion

KwiKool Portable Cooling Systems has purchased 7.5 acres of land adjacent to its current space in Stafford. The acquisition was made with the goal of expanding the company's operations. The buyer collaborated with developer Steve Adkisson on a plan to construct a new building on the purchased land, which is expected to commence construction in early 2024.

Summary of transaction details

• Property Type: Land
• Transaction Amount: Not specified
• Address: 10404 Mula Road, Stafford
• Market: Stafford
• Acres: 7.5

This transaction demonstrates KwiKool Portable Cooling Systems' strategic decision to secure additional space for future expansion. By acquiring the adjacent land, the company can now execute its expansion plans in collaboration with Steve Adkisson, the developer involved in the project. The new building will support KwiKool Portable Cooling Systems' growing business needs and contribute to its future success. It is noteworthy that the Dallas-Fort Worth industrial real estate market is experiencing a moderating trend, as evidenced by a 20% decrease in net leasing during the second quarter. Despite this, there is still significant construction underway, with approximately 60 million square feet of industrial space being developed in the Metroplex.