September 11, 2018
Ridge, the industrial development arm of Transwestern Development Co., sold a 362,670-square-foot, speculative warehouse in Fort Worth’s 633-acre Railhead Industrial Park. The facility at 5180 N. Railhead Rd. sold to PPF Industrial, which is managed by Morgan Stanley Real Estate Advisors.
Ridge launched construction on the project in October 2017, with delivery taking place in June 2018. The rail-served asset is on 21 acres, offers a 32-foot clear height, 60 trailer parking spaces and 160 car parking spaces.
Morgan Stanley is no stranger to Railhead Industrial, having acquired, in October 2017, a 299,810-square-foot facility adjacent to its most recent buy. The Chicago-based Ridge also developed the property at 400 E. Industrial Ave., and it is 100% leased to Dematic Corp.
For comments, questions or concerns, please contact Amy Sorter