Spec Comes on the Heels of Build to Suit

DHL is developing a class-A distribution building located at 3000 Cantrell Sansom Rd.

FORT WORTH—A 713,000-square-foot class-A distribution building located at 3000 Cantrell Sansom Rd. is currently under construction and is being developed by DHL Real Estate Solutions. Transpacific Development Company has acquired the facility, although terms of the transaction were not disclosed. The transaction was part of a 1031 exchange that TDC sold in Mesquite, TX last year, GlobeSt.com learns.

“We are very happy to have completed this second investment transaction with DHL,” said Thomas Irish, president of TDC. “Last year, we acquired the adjacent 1.44 million-square-foot building at 5600 Mark IV Parkway from DHL, so we now have more than 2.1 million square feet of brand new state-of-the-art distribution product at the northwest corner of I-35W and 820. TDC is a long-term investor and acquiring these great buildings at this excellent location fits very well with our investment profile.”