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Jackson-Shaw Acquires Almost 170 Acres Located in South Fort Worth for Future Industrial Development
FORT WORTH, TX — Jackson-Shaw, a national real estate development company headquartered in North Texas, has acquired 169 acres in Fort Worth at the intersection of Altamesa Boulevard and Campus Drive to build the industrial development, 46 Ranch Logistics Park.
At total build-out, the project will have 2.2 million square feet of Class A industrial space, beginning with a speculatively built first phase of 560,000 square feet in three buildings, with additional land available for build-to-suits up to 800,000 square feet under one roof. Separately, an undisclosed manufacturing company has purchased 45 acres of the 169 acres to build their new manufacturing facility.
This location allows the company direct access to Interstate 35W and Interstate 20, providing entry to North Texas and Dallas-Fort Worth International Airport and increasing its ability to serve customers throughout the nation.
“This was one of the last few rail-served land sites remaining in south Fort Worth large enough to accommodate the size of the company’s new facility,” said Grant Pearson, Vice President of Development at Jackson-Shaw. “This was a major factor in site selection. The new facility will generate jobs and create a positive impact on the surrounding communities.”
Jackson-Shaw worked closely with the City of Fort Worth to rezone the land from single-family residential to medium industrial. The rezoning of this land aligns with the city’s plan to have a higher percentage of commercial and industrial use in their tax base. Additionally, a portion of the funding from this deal will be used for infrastructure improvements, including the extension of Altamesa Boulevard.
“The standard for Jackson-Shaw has always been a grade above, and 46 Ranch will be no different,” said Seth Koschak, Managing Director of Stream Realty Partners’ Fort Worth office. “The project will accommodate a diverse user profile while maintaining the heritage of 46 Ranch, which is not found in typical industrial development.”
Phase I construction is scheduled to start June 2020 with substantial completion scheduled for Q2 2021.
Texas Contractor ProjectsAt total build-out, the project will have 2.2 million square feet of Class A industrial space, beginning with a speculatively built first phase of 560,000 square feet in three buildings, with additional land available for build-to-suits up to 800,000 square feet under one roof. Separately, an undisclosed manufacturing company has purchased 45 acres of the 169 acres to build their new manufacturing facility.
This location allows the company direct access to Interstate 35W and Interstate 20, providing entry to North Texas and Dallas-Fort Worth International Airport and increasing its ability to serve customers throughout the nation.
“This was one of the last few rail-served land sites remaining in south Fort Worth large enough to accommodate the size of the company’s new facility,” said Grant Pearson, Vice President of Development at Jackson-Shaw. “This was a major factor in site selection. The new facility will generate jobs and create a positive impact on the surrounding communities.”
Jackson-Shaw worked closely with the City of Fort Worth to rezone the land from single-family residential to medium industrial. The rezoning of this land aligns with the city’s plan to have a higher percentage of commercial and industrial use in their tax base. Additionally, a portion of the funding from this deal will be used for infrastructure improvements, including the extension of Altamesa Boulevard.
“The standard for Jackson-Shaw has always been a grade above, and 46 Ranch will be no different,” said Seth Koschak, Managing Director of Stream Realty Partners’ Fort Worth office. “The project will accommodate a diverse user profile while maintaining the heritage of 46 Ranch, which is not found in typical industrial development.”
Phase I construction is scheduled to start June 2020 with substantial completion scheduled for Q2 2021.
