VanTrust Real Estate, LLC (VanTrust) announced today, Samsung, a leading producer of consumer electronic devices, has leased the 670,941-square-foot Fort Worth Logistics Hub Building 1 in south Fort Worth’s booming industrial submarket.
VanTrust’s 75-acre Fort Worth Logistics Hub consists of 1.3 million square feet in two buildings. The development is strategically located on the west side of the Interstate 35W and Risinger Road interchange, providing unparalleled access to Interstates 20 and 30.
“We’re proud that Samsung is our first customer at our state-of-the-art Fort Worth Logistics Hub,” said Josh Meredith, Director of Development at VanTrust. “Besides its central location, access to Interstate 35W and global connectivity through Dallas-Fort Worth International Airport, the Fort Worth Logistics Hub is a part of the most diverse economy in Texas with access to one of the largest workforce pools in the U.S. Samsung has secured several locations in the Fort Worth area, and Fort Worth Logistics Hub presented an excellent opportunity to grow in the region.”
South Fort Worth has become a hotbed of industrial and e-commerce activity. According to CBRE’s Industrial Report, the submarket has grown to nearly 80 million square feet with another 3 million square feet under construction and a vacancy rate of 6%.
Fort Worth Logistics Hub Building 1, designed by Alliance Architects and constructed by Bob Moore Construction, was delivered in Q1 2022. Phase Two of the project will be a 607,074-square-foot building, and construction is expected to be finished in Q1 2023. The buildings are designed for sophisticated users with state-of-the-art technologies.
Mark Becker of Cushman & Wakefield represented Samsung in the transaction. J. Scott Moore of CBRE and Nathan Lawrence and Krista Raymond of KBC Advisors represented VanTrust.