June 27, 2017
Transpacific Development Co. (TDC) acquired a 713,000-square-foot distribution center from DHL Real Estate Solutions. The facility, which is currently under construction, is at 3000 Cantrell Samson Rd. in Fort Worth, and is 80% leased to the Campbell Soup Supply Co. (CSSC). The sales price was not disclosed.
The buy is TDC’s second in Fort Worth from DHL. The California-based investor acquired the adjacent 1.4-million-square-foot building at 5600 Mark IV Pkwy. in 2016.
“We now have more than 2,100,000 square feet of brand new, state-of-the-art distribution product at the northwest corner of I-35W and 820,” said Thomas Irish, TDC’s president. “TDC is a long-term investor, and acquiring these great buildings at this excellent location fits very well with our investment profile.”
The building is scheduled to be completed in early August 2017. DHL is the tenant at 5600 Mark IV Pkwy., and will provide logistics services to CSSC.
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