Wednesday, August 17, 2022 Aug 17, 2022
85° F Dallas, TX
Commercial Real Estate

CTDI Leases 700,000 SF in North Fort Worth

Transwestern Investment Group secures full-building tenant, three months after acquiring the asset.
By Jeremiah Jensen |
Image

CTDI, a global engineering, repair and logistics company,  has signed a big lease in the Alliance submarket of North Fort Worth. The company will fully occupy a 705,955-square-foot industrial building at 1753 Chaplin Drive. The property was acquired about three months ago by Transwestern Investment Group.

CBRE’s Nathan Lawrence  and Krista Raymond represented TIG in the deal. Richard Yeh, managing director at TIG, said he and his team were pleased with the quick lease-up.

“In addition to the building’s location and size, CTDI was attracted to the speed with which it could move in and become operational,” he said. “It was a very efficient and collaborative lease negotiation process that took less than six weeks from start to finish.”

CTDI has more than 90 locations worldwide; this is the company’s fourth in Texas.

 

Related Articles

Image
Commercial Real Estate

Deadline Extended: D CEO’s Commercial Real Estate Awards

The program honors North Texas’ top projects, transactions, dealmakers, and industry leaders.
Image
Commercial Real Estate

Nominate Now: D CEO’s 2021 Commercial Real Estate Awards

A new category has been added to this year's program—which honors projects, deals, and industry executives—for emerging leaders under 40.
Image
Commercial Real Estate

Industrial Real Estate Puts Dinner on the Table for Texas Despite Turbulent Environment

All the right ingredients are there: net absorption, rental rates, deal activity, new construction, and healthy capital markets, says Transwestern's John Brewer.
By John Brewer