Developer acquires 169 acres in South Fort Worth for new industrial site

Jackson-Shaw, a national real estate development company headquartered in North Texas, has acquired 169 acres of land at the intersection of Altamesa Boulevard and Campus Drive in Fort Worth to build an industrial development, the company announced in a news release Tuesday.

The project — called 46 Ranch Logistics Park — will have 2.2 million square feet of Class A industrial space, beginning with a “speculatively built” first phase of 560,000 square feet in three buildings, the release said. Additional land will be available to construct buildings up to 800,000 square feet to suit prospective tenants’ needs, the release said.

An undisclosed manufacturing company has purchased 45 of the 169 acres to build its new state-of-the-art manufacturing facility, the release said.

“This was one of the last few rail-served land sites remaining in south Fort Worth large enough to accommodate the size of the company’s new facility,” said Grant Pearson, vice president of development at Jackson-Shaw, in the release. “This was a major factor in site selection; the new facility will generate jobs and create a positive impact on the surrounding communities.”

The location allows the company direct access to Interstate 35W and Interstate 20.

Jackson-Shaw worked closely with the City of Fort Worth to rezone the land from single-family residential to medium industrial, the release said. A portion of the funding from the deal will be used for infrastructure improvements, including the extension of Altamesa Boulevard, Jackson-Shaw said.

Phase one construction is scheduled to start in June, with substantial completion scheduled for the second quarter of 2021.

“The standard for Jackson-Shaw has always been a grade above, and 46 Ranch will be no different,” Seth Koschak, managing director of Stream Realty Partners’ Fort Worth office, said in the release. “The project will accommodate a diverse user profile while maintaining the heritage of 46 Ranch, which is not found in typical industrial development.”

Ridgemont Commercial Construction is the general contractor for the project, with GSR-Andrade as the architect, Halff Associates as the civil engineering firm and Liberty Capital Bank as the lender. Koschak, Jeff Rein and Luke Davis of Stream Realty Partners are managing the leasing assignment for the development, the release said.

This story was originally published March 3, 2020 at 12:49 PM.