September 10, 2018
Fort Worth, Texas – Ridge, the industrial development arm of Transwestern Development Co., today announces the disposition of a 362,000-square-foot speculative warehouse at 5180 N. Railhead Road in Fort Worth, Texas. An institutional investor acquired the project after purchasing the adjacent 299,810-square-foot property last year, which was also developed by Ridge and is 100 percent leased to Dematic Corp.
Located within the 633-acre Railhead Industrial Park, the property offers tenants access to BNSF and Union Pacific Railroads. The 21-acre site provides immediate entry to Interstate 820 with convenient access to I-35 West. The building features a 32-foot clear height, 60 trailer parking spaces and 160 car parking spaces.
Ridge broke ground on the project in October 2017 with full delivery in June 2018.
Ridge, the industrial arm of Transwestern Development Co., is a leading provider of corporate real estate development and investment in state-of-the-art warehouse, distribution and manufacturing facilities throughout North America. Ridge’s principals have been involved in the development, construction, ownership and management of more than 125 million square feet of institutional-quality real estate and have an average 25 years of experience in the real estate industry. Ridge is based in Chicago, with regional offices across the U.S. in Atlanta, Dallas, Los Angeles, Houston and Harrisburg, Pennsylvania.
ABOUT TRANSWESTERN DEVELOPMENT COMPANY
Transwestern Development Company (TDC®) is a diversified business with expertise and experience in all commercial property types. The firm executes projects through a variety of venture and contract structures and has been creating commercial landmarks for itself, its partners and valued customers throughout the U.S. since 1978. Based in Houston, Transwestern Development Co. operates as a principal, investing capital alongside its institutional equity partners in the development of speculative and build-to-suit projects, and as a fee developer for clients and user-owners. The company has amassed valuable experience in construction, design, sustainability, leasing, acquisitions, finance and asset management. As a member of the Transwestern family of companies, the firm capitalizes on the market insights and operational expertise of its affiliates, which include a diversified real estate services firm with 35 U.S. offices and a real estate investment management company. Please visit transwesterndevelopment.com for more information.