FORT WORTH, Texas — This story originally appeared in the Dallas Business Journal, a WFAA news partner.
Samsung has signed a 670,941-square-foot lease at a south Fort Worth industrial park.
The consumer electronics producer is taking down the entirety of Fort Worth Logistics Hub Building 1, within the Fort Worth Logistics Hub industrial park. The development is located on the west side of the Interstate 35W and Risinger Road interchange, according to a news release.
VanTrust Real Estate’s 75-acre Fort Worth Logistics Hub consists of 1.3 million square feet in two buildings.
“We're proud that Samsung is our first customer at our state-of-the-art Fort Worth Logistics Hub,” said Josh Meredith, Director of Development at VanTrust, in a prepared statement. “Besides its central location, access to Interstate 35W and global connectivity through Dallas-Fort Worth International Airport, the Fort Worth Logistics Hub is a part of the most diverse economy in Texas with access to one of the largest workforce pools in the U.S. Samsung has secured several locations in the Fort Worth area, and Fort Worth Logistics Hub presented an excellent opportunity to grow in the region.”
South Fort Worth has become a hotbed of industrial and e-commerce activity. According to CBRE’s Industrial Report, the submarket has grown to nearly 80 million square feet with another 3 million square feet under construction and a vacancy rate of 6%.
Fort Worth Logistics Hub Building 1, designed by Alliance Architects and constructed by Bob Moore Construction, was delivered in Q1 2022. Phase Two of the project will be a 607,074-square-foot building, and construction is expected to be finished in Q1 2023.
Mark Becker of Cushman & Wakefield represented Samsung in the transaction. J. Scott Moore of CBRE and Nathan Lawrence and Krista Raymond of KBC Advisors represented VanTrust.