FORT WORTH, December 16, 2021 – CanTex Capital acquires largest crane-served and rail-served facility in North Texas.
By Ben Swanger, D Magazine, December 16, 2021
CanTex Capital, a Dallas-based commercial real estate investment company focused on infill industrial assets, has acquired the 880,000-square-foot Sylvania Industrial Park at 3201 N. Sylvania Avenue in Fort Worth. The campus is the largest crane-served and rail-served facility in North Texas. NAI Robert Lynn’s Managing Principal and Fort Worth President Todd Hubbard represented the buyer in the transaction.
“We have had tremendous leasing activity and are currently working on multiple proposals for the vacancy,” Hubbard said. “With more companies onshoring manufacturing due to the supply chain issues, crane-served manufacturing space with access to rail anywhere in Fort Worth or Dallas is very difficult to find.”
CanTex Capital will renovate the facility with extensive capital improvements.
“There is strong demand for rail and crane served facilities with outside storage, but these class B properties rarely receive capital improvements,” said Sam Cheema, COO and principal of CanTex Capital. “Our team is excited to not only modernize the facility but to add some new amenities found in class A business parks.”
One of the major components of the upgrades will be increasing energy efficiency throughout the buildings, Cheema said.
