The development’s latest project, Synergy Crossing Building 400, is underway near Harmon Road and Golden Triangle Boulevard.
The 739,788-square-foot concrete industrial facility and nearby parking will cost an estimated $20,170,000, according to information from the Texas Department of Licensing and Regulation.
Building 400 is part of an overall 2.8 million-square-foot logistics park project spearheaded by Ironwood Realty Partners, Ironwood President Bob Rice said.
The logistics park is currently at 1.2 million square feet of total capacity, Rice said , with construction of an additional 1.1 million square feet of space planned in 2020.
The land for Synergy Crossing was purchased for speculative development in late 2016 and occupies a total of 170 acres near Golden Triangle and I-35W, including more than 6 acres along the I-35W frontage road, which has the potential to be used for retail, Rice said.
According to CBRE’s fourth quarter report, the industrial vacancy rate was 5.8% for North Fort Worth at the end of 2019. CBRE numbers indicate the North Fort Worth area maintains more than 12 million feet of industrial space under construction.