FORT WORTH – In a six-month turnaround, the 214,650-sf Railhead Business Station has reclaimed its 100% occupancy with the expansion of a north Fort Worth tenant, Wise Foods Inc.
The company is up and running in 33,673 sf at 800 Railhead Rd., one of three distribution warehouses in the class A industrial project, owned by Sun Life Assurance of Canada. Wise Foods has leased overflow space for its nearby Northern Cross Boulevard warehouse.
"Activity was exceptionally strong on this space. There is a large demand for this size space in the market," says Nick Talley, senior vice president and managing partner of Dallas-based Bradford Commercial Real Estate Services. "It feels good to have regained full occupancy within six months."
Talley's new deal shores up the three-building project through 2019. "Demand is so strong that owners are achieving incremental rent growth and fewer tenant concessions market-wide," the landlord's broker adds.
George Jennings of Holt Lunsford Commercial represented Wise Foods in negotiations for a long-term, triple-net lease. The expansion space features 1,712 sf of office space, 24-foot clear height and full sprinkler system.
Railhead Business Station, developed in 2007, is situated at the crosshairs of Loop 820 and Interstate 35W, part of the 633-acre Railhead Industrial Park. Transportation-wise, it is supported by BNSF and Union Pacific lines, providing north-south and east-west service, a freeway network leading in all directions and two airports. Economically, Railhead tenants are part of Foreign Trade and Enterprise zones and eligible for the Triple Freeport tax exemption
December 11, 2017