The Fort Worth properties consisted of a 132,000-square-foot factory/warehouse on 9.16 acres at 401 NE 38th St., built in 1960; a 136,570-square-foot factory/warehouse on 5 acres at 3131 W. Bolt St., built in 1963; a 639,000-square-foot distribution center on 23.55 acres at 900 Terminal Road, built in 1975; and a 600,000-square-foot warehouse on 23.55 acres at 1000 Terminal Road, built in 1991. The sale also includes a 7-acre tract between the 38th Street and 900 Terminal Road properties.
The seller needed to lease back several of the assets to transition out of locations but needed flexibility regarding timing and lease rates. BH was able to accommodate all of Radioshack’s needs quickly and efficiently, and still deliver a 10-day close from the court’s final deal approval. BH re-introduced the assets that did not require a sale-leaseback to the market just a few short weeks after the acquisition and successfully leased or sold over 1 million square feet of the portfolio. Tenants include long term Fort Worth grocery supplier, the Marco Company, as well as Dunavant Enterprises, Inc., Walmart, Saddle Creek Logistics, and United Refrigeration.