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\u2019s second major industrial acquisition in the Dallas-Fort Worth market in less than one year.<\/p>\n
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.<\/p>\n
The Atlanta-based firm previously acquired a six-building, 276,920-square-foot portfolio in Irving and Carrollton in August 2024.<\/p>\n
\u201cDallas-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,\u201d said Jeff Bryant, senior vice president and principal for Ackerman & Co. in Texas. \u201cThis portfolio offered a rare opportunity to acquire high-quality, well-located assets in one of the nation\u2019s most dynamic industrial hubs.\u201d<\/p>\n
The deal arrives as DFW leads the nation in industrial construction with more than 30 million square feet underway, according to Yardi\u2019s 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.<\/p>\n
Cohen Asset Management was the seller, represented by Cushman & Wakefield\u2019s Robby Rieke, Jim Carpenter and Trevor Berry. Ackerman represented itself. HPI Real Estate Services will take over leasing and property management.<\/p>\n