Street Realty
Street Realty, a Fort Worth-based full-service commercial real estate firm, announced that it had acquired a 12-acre site along West Loop 820 near Clifford Road in White Settlement as the future home of an industrial business park.
The West Loop Business Park is planned as a 140,000-square-foot light industrial business park composed of 14 modern buildings that will offer shallow-bay flex space for a wide variety of businesses and tenants.
Construction is scheduled to begin in later this year, with completion slated for the third quarter of 2024.
“West Loop Business Park is an exciting addition to our ever-growing portfolio of industrial projects, each of which meets the growing demand for high-quality flex space, supports economic growth, spurs job creation, and offers functional, efficient, and modern facilities for a diverse range of businesses,” said Alex Bryant, co-founder of Street Realty, in a statement.
Street Realty
West Loop Business Park will be located at 724 W. Jim Wright Freeway in White Settlement. Street Realty’s brokerage team will oversee project leasing, while its management team will oversee property management.
Project financing was provided by FirstBank Southwest in Fort Worth by loan officer Scott Whitaker. Whitaker has financed multiple Street Realty projects, most recently the company’s downtown Arlington mixed-use project, Front Street Village, according to a press release.
"We anticipate West Loop Business Park will appeal to a wide variety of businesses and individuals looking for a cost-effective, functional, and conveniently located place to work and/or store equipment,” Bryant said.
The site offers 1,100 feet of frontage along West Loop 820.
Each building will offer 9,900 square feet — with standard units ranging from 975 square feet to 1,950 square feet — and include sought-after industrial features, such as 12-by-14 grade-level overhead doors, LED lighting, storefront glass entries, flex/office space, clear span warehouses, heavy power, and more.
“Our plan for West Loop Business Park is a testament to our commitment to providing modern and innovative commercial spaces to meet the evolving needs of a wide variety of businesses,” said Ryan Dodson, co-founder of Street Realty.