PCCP has provided a $72.4 million loan to an affiliate of WPT Capital Advisors for the acquisition of two Class-A, 100% leased warehouse buildings totaling 1.1 million square feet at Elizabeth Creek Gateway in North Fort Worth, Texas.
Built in 2021, Buildings D & E, located at 16000 and 15716 Wolff Crossing, are fully occupied by three tenants. Both buildings feature 36’ clear height, excess trailer parking, ESFR sprinklers, and multiple points of ingress/egress.
Elizabeth Creek Gateway is 20 miles north of Downtown Fort Worth in AllianceTexas, one of the country’s top multi-modal logistics hubs. AllianceTexas includes a BNSF Railway Intermodal Facility, a cargo airport, FedEx and UPS sort hubs, Amazon air hub, two Class I rail lines (BNSF and Union Pacific), and major thoroughfares connecting to the greater DFW MSA and other major Texas MSAs.
The property is three miles north of Perot Field Fort Worth Alliance Airport, 20 miles west of Dallas Fort Worth International Airport, and 20 miles north of Fort Worth Meacham International Airport, making it ideal for regional and national distribution.
