Newmark has arranged the sale of Northmark Commerce Center, a 234,475-square-foot industrial property in Haltom City, Texas. The property is 100% leased to logistics and transportation company Ryder System, Inc.
Newmark President, Global Head of Industrial & Logistics Capital Markets Jack Fraker, Vice Chairmen Dustin Volz and Stephen Bailey, Senior Managing Director Dom Espinosa, Managing Director Zach Riebe and Associates Taylor Hare and Chloie Mercer represented the sellers, Creation Equity and a real estate fund advised by Crow Holdings Capital in the sale to an institutional buyer.
Delivered in 2023, Northmark Commerce Center exhibits Class A+ construction and specifications, including 32’ clearance height, single and multi-tenant functionality, cross dock configuration, 56 dock doors, 132 car parks and 19 off-dock trailer stalls. The property also features a secured drop lot with 104 additional trailer stalls, as well as ESFR fire protection.
Located at 3951 Old Denton Road, Northmark Commerce Center is strategically positioned in the North Fort Worth industrial submarket with premier access to I-35W and I-820. The asset is surrounded by the industry’s top logistics tenants, a skilled labor base, esteemed institutional landlords and robust transportation infrastructure. Furthermore, the property benefits from its proximity to AllianceTexas, a 27,000-acre, master-planned industrial, mixed-use and residential development that is driving substantial economic growth in North Texas.
