Oakbrook Terrace, IL – TradeLane Properties, a privately held industrial real estate company, is pleased to announce the successful acquisition of a 119,460 square foot stabilized asset located in Richland Hills, Texas.

This Class B, front-load, multi-tenant industrial building sits on 6.17 acres, including 1.33 acres of fenced outdoor storage. Originally built in 1955, the facility features 16’–17’ clear heights, eight dock-high doors, five drive-in doors, 39 auto parking spaces, 1,200 amp power, LED lighting, and a wet sprinkler system.

Strategically located in the East Fort Worth submarket, the property is approximately one mile from the Highway 121 & I-820 interchange, providing excellent highway access throughout the Dallas-Fort Worth metroplex. The asset sits less than 20 miles from Dallas/Fort Worth International Airport, offering regional and national freight distribution opportunities.

Acquired through TradeLane Properties U.S. Industrial Fund III, L.P., the investment supports the company’s strategy of targeting key Central U.S. logistics markets and creating value through its in-house accounting, construction, and property management capabilities.

TradeLane Properties would like to thank Steve Rowland with Transwestern for his assistance in closing 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, Dallas-Fort Worth, Houston and San Antonio. For more information, visit www.tradelaneproperties.com.