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Black Mountain has secured an acquisition loan to purchase Chisholm 20, a four-building industrial project totaling 917,000 square feet in Benbrook, within the Dallas-Fort Worth metroplex. The seller was not disclosed in the transaction, but Jackson Shaw lists the project at $61 million on its website. The large-scale complex opened in November 2024, adding significant new logistics and distribution capacity to the Benbrook industrial market.
The Chisholm 20 development comprises four separate warehouse buildings of varying sizes. Building one totals 284,580 square feet, while building two is the largest at 377,844 square feet. Building three encompasses 174,137 square feet, and building four adds another 80,773 square feet. Combined, the buildings make up one of the town’s most substantial industrial properties by footprint.
Leasing activity at the property is already well underway. The complex is reported to be 82.6% leased to five tenants, indicating strong early demand for modern industrial space at the project. The tenant roster is not identified in the available information, but the level of occupancy suggests that the facility is largely stabilized less than two years after opening.
Chisholm 20 is located in Benbrook, Texas, just southwest of Fort Worth and within the broader Dallas-Fort Worth metroplex. According to the information provided, it is the first construction project of this size in the town’s history, underscoring its relative scale in the local industrial inventory. The site benefits from proximity to regional transportation infrastructure, including nearby rail terminals, Fort Worth Meacham International Airport and Dallas-Fort Worth International Airport.
Financing for Black Mountain’s acquisition was arranged by Tom Burns and Hunter Habash of CBRE. Affinius provided the acquisition loan for the transaction. Specific loan terms, including proceeds, rate and maturity, were not disclosed.
The combination of a large, recently delivered industrial asset, a high leased percentage and institutional loan participation highlights ongoing capital interest in logistics properties in the Benbrook and greater Dallas-Fort Worth area. With the project now traded to Black Mountain and financed by Affinius, Chisholm 20 appears positioned as a significant industrial node within this growing logistics corridor.
The post Black Mountain Acquires 917K-SF Chisholm 20 Industrial Complex in Benbrook, Texas appeared first on CRE Market Beat.
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