Development is CT’s fourth major project in DFW; 882,565-square-foot distribution facility planned for Q4 2019 completion
NEWPORT BEACH, Calif. and FORT WORTH, Texas, April 15, 2019 (GLOBE NEWSWIRE) -- CT Realty is now in construction on the development of Westport Logistics Center, a two-building 882,565-square-foot project in the Fort Worth, Texas submarket of Alliance. The project, CT’s fourth major development in the Dallas/Fort Worth Metroplex, was chosen for its prime location next to key logistics and distribution infrastructure.
“This project is ideal for logistics users and is practically next door to the BNSF intermodal railyard, which handles 835,000 annual TEU lifts, plus dedicated air cargo facilities at the Fort Worth Alliance Airport,” said Rob Huthnance, the CT partner responsible for Midwest and East Coast development and operations. “The location of an Amazon fulfillment center adjacent to our site speaks to the established location attributes of this project.”
Westport Logistics Center consists of two state-of-the-art distribution buildings measuring 677,249 square feet and 205,136 square feet. The buildings offer either single-sided or cross-dock loading with ample loading bays, clear heights of 32 feet or 36 feet, 185-foot truck courts and build-to-suit office spaces.
Westport Logistics Center is represented by J. Scott Moore and Bob Scully of CBRE.
The project, which is being built in a joint venture with Mitsubishi’s Diamond Realty Investments, marks CT’s fourth major industrial development in the DFW Metroplex, where the firm has developed both on its own account and with affiliates over 2 million square feet of distribution space in the market over the last few years.
On a broader national scale, CT has completed or is under construction on another 7.6 million square feet of logistics centers in Northern California, Atlanta, Illinois, Indiana and New Jersey, and has an additional 20 million square feet of industrial space in its development pipeline.
“CT’s growth strategy is focused on the development, ownership and management of a portfolio of logistics projects in high demand Tier 1 markets throughout the U.S.,” added Huthnance.
About CT
Since its establishment 25 years ago, Newport Beach, Calif.-based CT Realty has completed over 300 transactions valued at more than $4.7 billion. CT is primarily focused on the investment of Class A industrial logistics developments throughout the U.S., having acquired 2,400 acres of industrial land since 2010 that will support 32 million square feet of logistics buildings upon completion. CT has active developments in Northern and Southern California, Dallas/Ft. Worth, Atlanta, Illinois, Indianapolis and New Jersey, and continues to expand into new markets nationwide. ctrinvestors.com
Nicole Deermount | 714-263-8600
nicoled@ideahall.com
Randy Hall | 714-263-8723
randy@ideahall.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/cfb0c8d6-709d-4bce-acb3-2f054f0ffdfb