JIM WILSON
A development billed as the “new standard for industrial” in Fort Worth’s Alliance Corridor has a new tenant to occupy two of its four buildings.
Stream Realty Partners has executed a 376,782-square-foot lease for an undisclosed company at North Quarter 35 on behalf of its client M2G Ventures a North Texas-based real estate, investment, and development company.
Stream is a national real estate services, development, and investment company based in Dallas.
Building 1 at 10717 North Freeway and Building 2 at 2709 Graham Cracker Drive offers Class A industrial space in the Alliance submarket. Building 1 offers 119,665 square feet, while Building 2 has 257,117 square feet. North Quarter 35 is adjacent to Interstate 35 West and offers prime signage and highway visibility.
“Speed to market continues to be paramount for users seeking industrial space in Dallas and Fort Worth,” said Forrest Cook, senior vice president at Stream, in a statement. “North Quarter 35 was built to meet the ever-growing need for state-of-the-art showrooms combined with Class A industrial space. Assets with move-in ready speculative improvements such as office and warehouse lighting are now the norm versus the exception, and this project was prepared to accommodate fast-moving requirements.”
The four buildings on the North Quarter 35 campus feature a total of 645,000 square feet in one of the nation’s top-performing industrial markets. The project offers shallow bay, rear load buildings along with a single cross dock with a host of amenities including 30-foot plus clear height, enhanced landscaping with pedestrian zones, Early Suppression, Fast Response sprinklers, and ample customer and employee parking. Neighbors include logistics leaders and Fortune 500 companies such as Amazon, UPS, Walmart, GE Transportation, BNSF, and CEVA.
“The Fort Worth industrial market experienced 18 million square feet of space leased in 2021, with 17 million square feet of net absorption and 14.7 million square feet under construction,” said Jessica Miller Essl, co-founder and co-president of M2G Ventures. “With the Alliance submarket leading the area in terms of development and leasing activity, we are looking forward to quickly taking this project to fully leased.”
The final available space at the project, Building 4, features 108,548 square feet that can be divided into a minimum of 19,440 square feet. Located at 2500 Golden Triangle Blvd. with speculative office and warehouse lighting in place, it offers maximum flexibility in regards to occupancy and size, with 126 parking spaces, two oversized ramps, and 28 dock doors.
Stream Executive Managing Director and Partner Seth Koschak, Senior Vice President Forrest Cook, and Senior Associate Brett Carlton served as the leasing agents for North Quarter 35. Stream also provides property management and construction management services for the project on behalf of M2G Ventures.