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Buyers snap up Fort Truly worth industrial structures

Investors have acquired 3 industrial properties in southwest Fort Really worth.

Fort Truly worth-primarily based Corinth Land Co. and Dallas-based Prattco Creekway Industrial bought three warehouse buildings in the Interstate 20 corridor on Corporation Parkway.

The buildings have extra than 71,000 square feet of house and are completely occupied by tenant Summit Casing.

Corinth Land and Prattco now possess nine structures in the encompassing organization park.

“We proceed to be strategic in our acquisitions in Fort Truly worth and North Texas in typical,” Corinth Land Co. president and founder Paun Peters stated in a assertion. “When you contemplate the magnitude of Walsh Ranch and other important developments planned for the location, investing in this place carries on to meet up with our limited- and extensive-expression indicators.”

The just-completed making buy was financed by Veritex Lender with equity expense from Western Generation Co. and Prattco.

The two providers now possess 700,000 square feet of industrial space in North Texas.

“Industrial advancement and financial investment carry on to be a robust sector, even with the financial difficulties that the pandemic has introduced to 2020,” claimed Lance Bozman, Prattco running husband or wife. “We glance ahead to even more opportunity for industrial investments in 2021 and hope for brighter macro-economic times ahead.”