Cromwell Commercial Group, an affiliate of Coldwell Commercial APEX, Realtors, has been selected to lead the leasing and marketing of the newly branded Waco I‑35 Logistics Center, a 1,060,000‑square‑foot industrial facility on 56 acres at 5200 Beverly Drive in Waco, Texas.
In addition to securing the leasing assignment, Cromwell Commercial Group also facilitated the property’s sale to a Dallas-based investment firm, with the transaction closing Dec. 17.
Jordan Beard of Cromwell Commercial Group represented the buyer, Keating Resources. The opportunity was sourced and procured through Cromwell Commercial Group’s network of industry relationships before the asset was formally marketed.
The property operated as a glass bottle manufacturing facility for consumer beverage companies for more than 80 years, running continuously from 1943 through 2023. The developer plans to reposition the approximately 907,000‑square‑foot distribution component for lease or sale as the Waco I‑35 Logistics Center, a multi-tenant industrial and manufacturing campus.
Cromwell Commercial Group’s leasing team, led by Beard and Clay Fuller, has been engaged to market the Waco I‑35 Logistics Center and direct its repositioning strategy. Their assignment includes branding, market outreach and a targeted leasing campaign emphasizing the building’s natural divisibility into roughly 100,000‑square‑foot units, a size increasingly sought by modern industrial users looking for scalable space.
While the facility was well maintained, updates have already begun, including new dock-high doors, fresh paint and general site improvements. Its location near Interstate 35 places it at the center of the Texas Triangle, one of the fastest-growing megaregions in the United States, providing tenants access to more than 23 million people within a 2.5‑hour drive. The site also offers heavy industrial infrastructure with Class I rail service via Union Pacific in the Waco market.
