{"id":1004745870,"date":"2025-02-05T05:26:02","date_gmt":"2025-02-05T13:26:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004745870"},"modified":"2025-02-05T05:26:05","modified_gmt":"2025-02-05T13:26:05","slug":"hopewell-and-gtis-sell-metroplex-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hopewell-and-gtis-sell-metroplex-industrial-asset\/","title":{"rendered":"Hopewell and GTIS Sell Metroplex Industrial Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1536\" height=\"1152\" data-attachment-id=\"1004745871\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hopewell-and-gtis-sell-metroplex-industrial-asset\/dziver-140530-_mg_9735\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg\" data-orig-size=\"1536,1152\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"DZIVER-140530-_MG_9735\" data-image-description=\"&lt;p&gt;Outside shot of one of Hopewell&#8217;s locations.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Hopewell Development teamed up with GTIS Partners to develop Champions Circle Business Park in 2021. Image courtesy of Hopewell Development&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg\" alt=\"Outside shot of one of Hopewell's locations.\" class=\"wp-image-1004745871\" style=\"width:400px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/02\/DZIVER-140530-_MG_9735.jpg?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1536px) 100vw, 1536px\" \/><\/a><figcaption class=\"wp-element-caption\">Hopewell Development teamed up with GTIS Partners to build Champions Circle Business Park in 2021.<em> Image courtesy of Hopewell Development<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>A joint venture of GTIS Partners and Hopewell Development has sold Champions Circle Business Park, a 361,040-square-foot industrial campus in Fort Worth, Texas. Stonelake Capital Partners acquired the asset, according to CommercialEdge data.<\/p>\n\n\n\n<p>The duo kicked off the industrial park&#8217;s development in 2021, benefitting from a $23.4 million construction loan, the same source shows. Champions Circle was completed a year later.<\/p>\n\n\n\n<p>The park consists of three buildings\u2014two 82,240-square-foot facilities and a third measuring 196,560 square feet. The <a href=\"https:\/\/www.commercialsearch.com\/news\/shallow-bay-industrials-deep-future\/\">shallow-bay light industrial<\/a> structures feature 32-foot clear heights, 190-foot truck courts and building depths ranging from 160 to 210 feet.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/5-promising-opportunities-in-an-uncertain-market\/\">5 Promising Opportunities in an Uncertain Market<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Located on 21 acres at 15860 Championship Parkway, the industrial campus is less than 1 mile from Highway 114 and Interstate 35W. The Dallas Fort Worth Airport operates roughly 19 miles southeast.<\/p>\n\n\n\n<p>Champions Circle Business Park is part of the 27,000-acre Alliance Texas master-planned development, which encompasses 60 million square feet of built space including office, industrial, retail and residential.<\/p>\n\n\n\n<p>The tenant roster includes Optimas, an industrial fastener distributor and manufacturer, and Elliott Electric Supply, as well as Lab Supply, a provider of products for research facilities.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-dallas-investment-barrels-through-despite-national-slump\">Dallas investment barrels through despite national slump<\/h2>\n\n\n\n<p>Investors slammed on the brakes on industrial deals throughout 2024. Last year, the sector made up just 12 percent of sales, down from 21 percent in 2023, <a href=\"https:\/\/www.commercialsearch.com\/news\/which-asset-classes-stole-the-spotlight-in-2024\/\">DLA Piper\u2019s annual survey<\/a> shows. However, <a href=\"https:\/\/www.commercialsearch.com\/news\/dallas-industrial-sales-take-the-lead\/\">Dallas industrial investment<\/a> kept a solid pace throughout 2024, and the market\u2019s momentum lingered well into the new year.<\/p>\n\n\n\n<p>A two-building, light industrial campus traded last month in the Metroplex. <a href=\"https:\/\/www.commercialsearch.com\/news\/rosewood-pillar-jv-buys-dfw-industrial-asset\/\">Rosewood Property Co. purchased the 200,765-square-foot asset<\/a> from Provident Realty Advisors. The Plano, Texas, property was 71.1 percent leased at closing.<\/p>\n\n\n\n<p>In January, <a href=\"https:\/\/www.commercialsearch.com\/news\/alterra-ios-expands-dallas-fort-worth-portfolio\/\">Alterra IOS expanded its industrial outdoor storage footprint<\/a> with four more assets. Spanning 35 acres, the collection brought the company\u2019s IOS portfolio to 10 properties in the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recently constructed park is within a 27,000-acre master-planned development.<\/p>\n","protected":false},"author":3471,"featured_media":1004745871,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[46712,52371,33291],"class_list":["post-1004745870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-gtis-partners","tag-hopewell-development","tag-stonelake-capital-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hopewell and GTIS Sell Metroplex Industrial Asset - 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