Westcore
Railhead Business Station
Westcore, a leading industrial real estate acquisition, development, and asset management firm headquartered in San Diego, has acquired Railhead Business Station in north Fort Worth from a global real estate investment management firm.
Terms of the deal were not disclosed.
Railhead Business Station is a 519,905-square-foot, four-building industrial property in the Meacham/Fossil Creek submarket. The complex is part of the 366-acre Railhead Industrial Park.
The single and multi-tenant industrial buildings, located at 401, 500, 600 and 800 Railhead Road, are 100% leased to 11 tenants. The buildings were constructed in 2000 and 2007.
“Railhead Business Station has a long record of strong occupancy because it’s centrally located with excellent access to transportation corridors, services and amenities,” said Westcore Managing Director Hack Adams in a statement. “Acquiring such a successful property in one of our nation’s premier industrial markets represents our investment strategy. We look forward to working closely with Stream Realty and our local DFW office to ensure continued success with our tenants at Railhead Business Station.”
On the heels of Westcore’s acquisition of three industrial buildings at Fort Worth’s North Quarter 35, Railhead Business Station, combined with additional holdings, brings Westcore’s Dallas-Fort Worth, Houston, and San Antonio industrial portfolio to 6 million square feet.
The North Quarter 35 acquisition was 485,330 square feet in total. Those facilities — Buildings 1 (10717 North Freeway), 2 (2709 Graham Cracker Drive) and Building 4 (2500 Golden Triangle Blvd.) — are also all 100% leased.
North Quarter 35 was Westcore’s first Fort Worth buy.
Seth Koschak and Matteson Hamilton of Stream Realty represented the seller in both transactions. Westcore self-represented.
“Our team was excited to be a small part of Westcore’s acquisition of Railhead Business Station, adding another first-class asset to their footprint within the DFW market,” said Hamilton. “The project’s multi-tenant design, infill location and quality tenant roster position Westcore to have great success during its investment period.”