Worth Project with 31 Buildings: Dallas Firm Buys Fort

In Fort Worth, S2 Industrial has purchased an industrial park with 31 buildings along Loop 820 in Fort Worth.

The campus, a 589,022-SF multi-tenant park at 5721 E. Rosedale Street, will be rebranded as Panther City Industrial Park. “Panther City” is a nickname for Fort Worth originated in the 1970s when a Dallas attorney joked that he saw a panther sleeping on a Fort Worth street.

The buyer is an affiliate of the industrial real estate portfolio company of S2 Capital, which is based in Dallas.

Panther City Industrial Park’s infill position along Loop 820 is near Interstates 20, 30, and 35W in one of the DFW metroplex’s most active industrial corridors, a submarket defined by constrained supply, strong tenant demand, and limited competing new deliveries, S2 Industrial said.

“This is the kind of deal we get excited about, and we see a clear path to value creation here,” said Parker McCormack, Chief Investment Officer of S2 Industrial. “The park fits our investment criteria almost perfectly, the submarket dynamics are favorable, and our industrial platform is built to execute on exactly this type of value-add opportunity.”

On-site property management will be handled by S2 Industrial’s Fort Management.

In other Fort Worth activity, Hillwood recently reported that it has 6.8 million SF under construction in its AllianceTexas project.