CIM Group Acquires Junction 20/35 Logistics Center in Fort Worth

CIM Group announced today that it has acquired Junction 20/35, an industrial property of approximately 1,128,000 square feet consisting of cold and dry storage, and an adjacent 14.42-acre land parcel located at 7550 Oak Grove Road in South Fort Worth, Texas.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, May 28, 2020
Information
Tags: 
Logistics, Supply chain management, Other Construction & Property, Transport, Commercial Building & Real Estate, Construction & Property, Rail transportation in the United States, Rail transport by country, Transportation in the United States, BNSF Railway, Berkshire Hathaway, Mojave Desert
Geotags: 
Texas, United States
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Summary
Key Points: 
  • CIM Group announced today that it has acquired Junction 20/35, an industrial property of approximately 1,128,000 square feet consisting of cold and dry storage, and an adjacent 14.42-acre land parcel located at 7550 Oak Grove Road in South Fort Worth, Texas.
  • Built in 1989, the purpose-built facility has modern clear heights and column spacing, loading bays, a truck court, car and trailer parking, and rail accessibility.
  • The multipurpose facility has been renovated several times, most recently in 2018, and provides freezer and cooler space.
  • The property is also convenient to rail transportation and two major intermodal facilities, BNSF Intermodal Facility and Alliance Global Logistics Hub.


CIM Group announced today that it has acquired Junction 20/35, an industrial property of approximately 1,128,000 square feet consisting of cold and dry storage, and an adjacent 14.42-acre land parcel located at 7550 Oak Grove Road in South Fort Worth, Texas.

Built in 1989, the purpose-built facility has modern clear heights and column spacing, loading bays, a truck court, car and trailer parking, and rail accessibility. The multipurpose facility has been renovated several times, most recently in 2018, and provides freezer and cooler space.

Junction 20/35 is well-located with strong transportation networks including Interstate 20 and Interstate 35, which provides access to other areas of Texas and the greater Southern United States as well as to three airports, DFW International, Alliance, and Love Field. The property is also convenient to rail transportation and two major intermodal facilities, BNSF Intermodal Facility and Alliance Global Logistics Hub.

For more than 25 years, CIM Group has applied its community-focused approach and has utilized its broad expertise of owning, developing, repositioning, and operating real estate assets to transform communities and create dynamic environments throughout the Americas.

For information about the property please visit www.junction2035.com, or call (817) 877-1309 for leasing information.

About CIM Group

CIM is a community-focused real estate and infrastructure owner, operator, lender and developer. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. CIM’s diverse team of experts applies its broad knowledge and disciplined approach through hands-on management of real assets from due diligence to operations through disposition. CIM strives to make a meaningful difference in the world by executing key environmental, social and governance (ESG) initiatives and enhancing each community in which it invests. For more information, visit www.cimgroup.com.

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