TradeLane Properties announced the acquisition of 5050 Rondo Drive, a 92,144 square foot industrial warehouse situated on 4.13 acres in Fort Worth, Texas.
Purchased within the TradeLane Properties U.S. Industrial Fund II, L.P., a value-add investment fund focused on key Central U.S. logistics markets, the investment was 100% occupied at closing under a sale-leaseback.
This freestanding single tenant industrial warehouse offers 6 dock high doors (expandable), 16- to 23-foot clear height, one drive-in-door, 3,000 amps of power, 54 auto stalls, 175-foot deep truck court and a fully air-conditioned warehouse.
The acquisition of 5050 Rondo drive is consistent with TradeLane Properties’ strategy of investing in select major Central U.S. logistics markets with opportunity to add value through dedicated in-house capabilities including accounting, construction, and property management teams.
TradeLane Properties would like to thank Jamie Galati with JLL, Michael Hall with Barack Ferrazzano Kirschbaum & Nagelberg LLP and Illinois Bank & Trust for their assistance in this transaction.