A new development is set to add 1.4 million square feet of industrial space to the thriving Carter Park East business park in Fort Worth. The project, led by a group consisting of Clarion Partners, Crow Holdings Capital, and Rob Riner, has an estimated cost of $69 million. According to reports from the Dallas Business Journal, this expansion will include two speculative warehouses – one spanning 771,000 square feet and the other covering 645,000 square feet – bringing the total size of the industrial park upon completion to approximately 6 million square feet. Both buildings are expected to be completed by next year.
Recently chosen as the location for Siemens’ new $133 million manufacturing plant is Carter Park East’s growing popularity among businesses looking for prime real estate in Texas. This facility is projected to create over 700 jobs and produce low-voltage switchgear and switchboards.
In addition to Siemens’ upcoming plant and existing HomeGoods distribution center at Carter Park East (which signed a long-term lease), this joint venture marks yet another significant investment in Fort Worth’s booming business sector without mentioning specific organizations or projects that may have been involved with Connect CRE .
