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FORT WORTH-In a quick-turning deal, Heritage Warehousing Inc. has grabbed 168,017 sf in the 633-acre Railhead Industrial Park to begin relocating from Decatur, including the eventual move of its headquarters team. The long-term, stair-stepped lease pushes a 273,874-sf distribution center to full.

Underlying the move was a new distribution contract for baled cotton, according to Todd Hubbard, vice president of Dallas-based NAI Robert Lynn. He tells GlobeSt.com that the quick market search, focusing on North Fort Worth, provided 10 options, with 821 Railhead Rd. landing the win. “This was the one that made the most sense,” he says.

Hubbard says the warehousing company has a few months to go on an 80,000-sf lease at 601 E. Walnut St. in Decatur, but plans to complete the move by year’s end. For now, though, the warehouse staging ground is ready to go. The firm initially looked at buying a building in Denton, then switched gears to lease in North Fort Worth after landing the new contract. Hubbard says the Railhead location, owned by San Antonio-based USAA Real Estate Co., got the nod because it’s a rail-served park within 14 miles of the BNSF Railway Co.’s intermodal yard at AllianceTexas. “The location is ideal for the flow of the product,” he adds.

Heritage’s decision put it into first-generation warehouse space with Foreign Trade Zone status and Triple Freeport exemptions. The firm is sharing the 14-month-old structure with Davoil Inc. Hubbard and NAI Robert Lynn’s president of corporate services Thomas Lynn were the tenant representatives. Dave Anderson, executive vice president for CB Richard Ellis in Dallas, bargained the pact for USAA. The distribution space was marketed at $3.50 per sf net.

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