TradeLane Properties Acquires Industrial Warehouse in Fort Worth, Texas.
Dallas, TX – TradeLane Properties, a privately held industrial real estate company announces the acquisition of 5050 Rondo Drive, a 92,144 square foot industrial warehouse situated on 4.13 acres in Fort Worth, Texas.
Purchased within the TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, the investment was 100% occupied at closing under a sale-leaseback.
This freestanding single tenant industrial warehouse offers 6 dock high doors (expandable), 16’-23’ clear height, one drive-in-door, 3,000 amps of power, 54 auto stalls, 175’ deep truck court and a fully air-conditioned warehouse.
The acquisition of 5050 Rondo drive is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with the opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
TradeLane Properties would like to thank Jamie Galati with JLL, Michael Hall with Barack Ferrazzano Kirschbaum & Nagelberg LLP and Illinois Bank & Trust for their assistance in this transaction.
About TradeLane Properties
TradeLane Properties is a privately held industrial real estate company committed to harnessing its founders’ expertise in acquiring, developing, redeveloping, and operating industrial real estate facilities focused on the Central U.S. markets of Chicago, Cincinnati, Columbus, Indianapolis, Louisville, Atlanta, and Dallas-Fort Worth. For more information, visit www.tradelaneproperties.com or call Kari Lavezzi at (630) 320-5501.