Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FORT WORTH-A Dallas-based reverse logistics provider, with its distribution hub in Fort Worth, has locked down 83,416 sf for the long term as it plans a move to a sister property in the Great Southwest Industrial District.

USF Processors, an operating company of Chicago-based USF Corp., will get an extra 23,416 sf of office/warehouse space in a move from 4100 Fleetwood Dr. to 4332 Empire Rd., both owned by the Estate of James Campbell. In reality, the move is just one road over in the upper quadrant, near FAA Boulevard, in the Great Southwest Industrial District, a submarket where deals have been slow to close for aging buildings facing stiff competition from newer product in today’s particularly aggressive negotiating scenarios.

In USF’s case, it’s chosen to stay in a neighborhood with somewhat newer buildings, easy freeway access and proximity to the Dallas-Fort Worth International Airport, the most frequently cited reasons as the decision makers for deals in that area. Details of the deal and the relocation timeframe were not available by publication time.

According to on-line information by the Trammell Crow Co. team in charge of the 21-year-old asset, the 238,922-sf Empire Road facility had 155,506 sf sitting empty prior to the signing. And, the rate is negotiable. According to Cushman &Wakefield of Texas Inc.’s first quarter report, the 60.7-million-sf submarket’s rents went from $3.63 per sf to $8.81 per sf and vacancy was 13.8%.

The fully air-conditioned structure along Empire Road will be used as a state-of-the-art pharmaceutical processing facility for USF Processors’ contracts with McKesson, Kroger and Albertsons. USF Processors will employ more than 200 people at the site, according to a C&W press release.

Scott Krikorian, principal with Trammell Crow negotiated the deal for the building owner, a San Francisco entity with substantial industrial holdings in Dallas-Fort Worth. Kurt Griffin, senior director in the Dallas office for Cushman & Wakefield of Texas Inc., represented the tenant, which headquarters at 4055 Valley View Lane in Dallas.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.