Logistics Crossing, a 904,495-square-foot newly constructed cross-dock industrial property located in Forney, Texas was recently sold by Stillwater Capital and Grandview Partners. At the time of sale the property was 100% leased to Knight-Swift – the fifth largest publicly traded trucking company in the United States.
Newmark’s Dustin Volz led a team that represented sellers in this transaction with EQT Exeter as buyer. According to its website, EQT Exeter is among world’s largest real estate investment managers created through combination of Exeter Property Group and EQT’s real estate businesses in April 2021 with headquarters both UK & US.
Delivered January 2023 Logistics Crossing features 40′ clear height & cross dock configuration alongwith 161 total dock doors & 198 trailer stalls (ability to add up 154 more).
Texas is second largest destination for industrial investors according Newmark Research data showing $15.6 billion flowing into state 2022 year alone making it attractive market for such transactions .
