A Nevada-based logistics firm has snapped up a huge shipping building under construction in far North Fort Worth.
Missouri-based NorthPoint Development broke ground this summer on a more than 1 million-square-foot warehouse project near Interstate 35W. The big warehouse is in the Intermodal Logistics Center, a seven-building business park NorthPoint is developing in the AllianceTexas area near the BNSF Railway intermodal facility.
Reno-based ITS Logistics is leasing the building for its first Texas location. The new warehouse will be completed next year.
“This new Dallas-Fort Worth location is a key addition to our growing portfolio of leading-edge omnichannel fulfillment and distribution facilities while also giving us an entry point to expand our regional drayage and truckload offerings,” Ryan Martin, president of assets for ITS Logistics, said in a statement.
The company already serves clients in Nevada, California, Indiana, Washington, Oregon, Utah, Arizona, Ohio, Georgia and Pennsylvania. The new North Fort Worth location will expand the company’s warehouse footprint to more than 3 million square feet.
Commercial real estate firm Cresa represented ITS Logistics in its new North Texas lease. Cresa’s Brad Struck, Clint Manning, Darren Woodson and John Bollman negotiated the transaction.
Western apparel firm Ariat International Inc. has already leased a 1 million-square-foot distribution building in NorthPoint’s North Fort Worth business park.
Kansas City-based NorthPoint has more than 100 warehouses nationwide with tenants including General Motors, Amazon and Walmart. The developer has built and managed more than 100 million square feet of warehouse space since 2012.