{"id":1004742518,"date":"2025-01-08T04:41:51","date_gmt":"2025-01-08T12:41:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004742518"},"modified":"2025-01-08T07:11:52","modified_gmt":"2025-01-08T15:11:52","slug":"forefront-jv-lands-77m-for-dfw-industrial-project","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/forefront-jv-lands-77m-for-dfw-industrial-project\/","title":{"rendered":"ForeFront JV Lands $77M for DFW Industrial Project"},"content":{"rendered":"\n

<\/p>\n\n\n

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\"Exterior<\/a>
When complete, West Worth Commerce Center will include four buildings with 32-foot to 36-foot clear heights. Image courtesy of ForeFront Commercial Real Estate<\/em><\/figcaption><\/figure><\/div>\n\n\n

ForeFront Commercial Real Estate, along with an Ares Management Real Estate fund, has obtained a $77.4 million loan to finance the development of West Worth Commerce Center, a 992,000-square-foot industrial campus in Fort Worth, Texas. Affinius Capital originated the loan.<\/p>\n\n\n\n

West Worth Commerce Center is set to include four buildings with 32-foot to 36-foot clear heights, 274 dock-high doors, 12 drive-in doors, and parking for 235 trailers and 912 cars. The property is just off Interstate 820 between interstates 30 and 20, providing connectivity to the Metroplex area.<\/p>\n\n\n\n

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READ ALSO:<\/strong> Industrial Sector Settles After Supply Surge<\/a><\/p>\n\n\n\n

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The development is about 35 miles from DFW International Airport and 45 miles from Dallas Love Field Airport. The location serves the area’s growing e-commerce, logistics and distribution needs, and the west Fort Worth submarket in particular\u00a0 demonstrates robust absorption, Affinius Managing Director Tom Burns said in prepared remarks.\u00a0<\/p>\n\n\n\n

Affinius Capital, previously known as USAA Real Estate and Square Mile Capital Management, is an institutional real estate investment firm with about $64 billion in assets under management. Last year, the company provided part of the financing for Edenvale Industrial Park<\/a>, a 636,000-square-foot project in San Jose, Calif.<\/p>\n\n\n\n

DFW industrial boom moderates<\/h2>\n\n\n\n

Industrial development in the Dallas-Fort Worth market slowed in the third quarter of 2024, according to a Colliers report. Construction activity was down to 19 million square feet, the smallest total since Q2 2017, marking a 5 percent quarter-over-quarter drop.<\/p>\n\n\n\n

The decrease came on the heels of a spurt of development in response to pandemic-era demand for product. Following eight consecutive quarters of new supply of more than 10 million square feet, the third quarter deliveries dropped sharply, to 5.8 million square feet.<\/p>\n\n\n\n

There is still some overhang of space, however. The vacancy rate thus remained unchanged from the previous quarter, staying at 9.6 percent, the report shows.<\/p>\n","protected":false},"excerpt":{"rendered":"

Affinius Capital originated the financing.<\/p>\n","protected":false},"author":1023,"featured_media":1004742522,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21782,21825,21748,21742,51973],"tags":[52016,44687],"class_list":["post-1004742518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-development","category-finance","category-industrial","category-latest","category-southwest","tag-affinius-capital","tag-ares-management-corp"],"acf":[],"yoast_head":"\nForeFront JV Lands $77M for DFW Industrial Project - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"ForeFront Commercial Real Estate and Ares Management Real Estate obtained a $77.4 million loan for the West Worth Commerce Center project.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/forefront-jv-lands-77m-for-dfw-industrial-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ForeFront JV Lands $77M for DFW Industrial Project\" \/>\n<meta property=\"og:description\" content=\"ForeFront Commercial Real Estate and Ares Management Real Estate obtained a $77.4 million loan for the West Worth Commerce Center project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/forefront-jv-lands-77m-for-dfw-industrial-project\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-08T12:41:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-08T15:11:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/01\/West-Worth-Commerce-Center.png\" \/>\n\t<meta property=\"og:image:width\" content=\"989\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/forefront-jv-lands-77m-for-dfw-industrial-project\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/forefront-jv-lands-77m-for-dfw-industrial-project\/\",\"name\":\"ForeFront JV Lands $77M for DFW Industrial Project - 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