Ackerman & Co., in partnership with Belgian investor Baltisse, has acquired Midway Business Park, a 12-building, 258,846-square-foot industrial portfolio in East Fort Worth, Texas. The deal closed in July and marks Ackerman’s second major industrial acquisition in the Dallas-Fort Worth market in less than one year.

The portfolio was 91% leased at the time of sale. It features shallow-bay assets ranging from 2,000 to 40,000 square feet with a mix of front-load, cross-dock and rear-load configurations. The infill location sits near State Highway 121 and I-820, offering access to both Dallas and Fort Worth, as well as DFW International Airport.

The Atlanta-based firm previously acquired a six-building, 276,920-square-foot portfolio in Irving and Carrollton in August 2024.

“Dallas-Fort Worth is consistently one of the highest-performing industrial markets in the country with strong demand for logistics and manufacturing space, especially spaces under 50,000 square feet in infill locations,” said Jeff Bryant, senior vice president and principal for Ackerman & Co. in Texas. “This portfolio offered a rare opportunity to acquire high-quality, well-located assets in one of the nation’s most dynamic industrial hubs.”

The deal arrives as DFW leads the nation in industrial construction with more than 30 million square feet underway, according to Yardi’s latest national report. At the same time, recent sales figures show that investor activity remains high in the region, even as vacancy rates tick up and average pricing moderates.

Cohen Asset Management was the seller, represented by Cushman & Wakefield’s Robby Rieke, Jim Carpenter and Trevor Berry. Ackerman represented itself. HPI Real Estate Services will take over leasing and property management.

DFW Industrial Sales Top $1.6B YTD, but Pricing Falls 18% Y-O-Y

Through the first half of 2025, industrial sales in Dallas-Fort Worth totaled $1.64 billion, ranking the market second nationally by volume.

However, the average price per square foot declined to $108, down from $152 last year — an 18% decrease in year-to-date pricing, according to Yardi Matrix data.

Even so, Dallas-Fort Worth continues to lead the country in industrial development: More than 30 million square feet of space is currently under construction, which is nearly double the pipeline from a year ago — a 93% year-over-year increase. The total is also roughly twice the volume underway in Phoenix (the market with the second-largest pipeline nationally).

That pace of activity coincides with a rising vacancy rate that reached 10.9% in June, up 8.3% year-over-year and above the national average of 9%. DFW now ranks among the highest-vacancy major markets in the U.S.

Even so, as reported by Bisnow, year-to-date leasing in Dallas-Fort Worth has already surpassed first-half totals in five of the last 10 years, according to JLL. In Q2 alone, four leases exceeding 350,000 square feet were signed across the metro.