Holt Lunsford Acquires Site for DFW Industrial Park

Holt Lunsford Commercial Investments has acquired a 26.5-acre site in North Fort Worth, Texas, where it will develop Meacham 820 Crossing, a two-building, 238,000-square-foot industrial park. Construction is expected to begin in the fourth quarter, with delivery scheduled for the fourth quarter of 2027.

Meacham 820 Crossing will include two Class A industrial buildings with 32-foot clear heights and dock-high loading. Building 1 will be about 105,000 square feet while Building 2 will comprise 133,000 square feet.

The site will also include trailer parking and outside storage, a feature that the developer said is in increasingly short supply across infill Fort Worth and attractive for tenants who need yard space.

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This site acquisition represents a strategic addition through the firm’s third industrial fund. HLCI currently has more than 4 million square feet of active industrial developments across Texas.

The site of the project is the northwest corner of Old Decatur Road and Interstate 820 in the Meacham/Fossil Creek submarket, offering direct access to Interstate 35W and Fort Worth Meacham International Airport. Downtown Fort Worth is just minutes to the south.

Healthy demand, growing supply in DFW

Just since May, Commercial Property Executive has reported on multiple industrial asset deals in the Fort Worth area:

• Specialty fabricator American Infrastructure and Metal Works leased 93,200 square feet at a former Dr. Pepper Bottling plant, owned by Havener Cos.

• Cabot Properties acquired The Mark IV, a three-building, 1,025,500-square-foot industrial property in Fort Worth’s Meacham/Fossil Creek submarket, from Dalfen Industrial.

• S2 Industrial Inc. purchased Point 820, a 589,022-square-foot shallow-bay industrial campus in Fort Worth, and will rebrand it as Panther City Industrial Park. Longpoint Realty Partners was the seller.

Both supply and demand are growing in the Dallas–Fort Worth industrial market, CBRE reported earlier this month. In the second quarter, there was 9.9 million square feet of net absorption, about a 60 percent jump year-over-year. Vacancy declined by 60 basis points over the same period to 8.3 percent.

Meanwhile, 24 million square feet across 86 projects were under construction across the Metroplex.

Fort Worth’s Meacham Field/Fossil Creek submarket has a total availability of 8.8 percent on an inventory of 48.3 million square feet, according to CBRE.