Thursday, March 28, 2024 Mar 28, 2024
73° F Dallas, TX
Advertisement
Business

Distribution Center at Fort Worth’s Mercantile Center Changes Hands

Mercantile Distribution Center 40 was purchased for ‘investment purposes’ by Austin-based Spraberry Interests LLC.
By Lily Corral |
Image

A distribution center in Fort Worth has changed hands, after Mercantile Partners LP sold Mercantile Distribution Center 40 to Spraberry Interests LLC for an undisclosed amount. CBRE worked on behalf of the seller to arrange the sale and said the new owner acquired the space for “investment purposes.”

The building, located at 4201 North Beach St., is part of the Mercantile Center business park in Fort Worth and is one of 16 distribution centers in the area. The main tenant listed is KPS Global, which operates its U.S. headquarters out of the building. KPS Global produces walk-in freezers and refrigerated spaces for the retail, industrial, and scientific sectors, according to its website.

The newly purchased distribution center totals 182,500 square feet and is currently 100 percent leased.

Related Articles

Image
Arts & Entertainment

Here’s Who Is Coming to Dallas This Weekend: March 28-31

It's going to be a gorgeous weekend. Pencil in some live music in between those egg hunts and brunches.
Image
Arts & Entertainment

Arlington Museum of Art Debuts Two Must-See Nature-Inspired Additions

The chill of the Arctic Circle and a futuristic digital archive mark the grand opening of the Arlington Museum of Art’s new location.
By Brett Grega
Image
Arts & Entertainment

An Award-Winning SXSW Short Gave a Dallas Filmmaker an Outlet for Her Grief

Sara Nimeh balances humor and poignancy in a coming-of-age drama inspired by her childhood memories.
By Todd Jorgenson
Advertisement