A new wave of warehouse construction is underway in northeast Fort Worth, where developers have broken ground on a 755,793-square-foot industrial expansion near Interstate 35 West. The project, known as Phase IV of 35 Eagle, spans three buildings on roughly 58 acres and is expected to be ready for tenants by summer 2027.
Trammell Crow Company and joint venture partner PGIM are behind the speculative build, according to Connect CRE. PGIM is the global investment management business of Prudential Financial, Inc., and the new phase sits at the northwest corner of Interstate 35 West and Eagle Parkway, continuing a buildout that has been underway at the 35 Eagle site for more than a decade.
The centerpiece of Phase IV is a 508,500-square-foot cross-dock building with 40-foot clear heights and a 500-foot depth, designed to accommodate up to approximately 450 trailer positions. The other two structures are rear-load buildings: one totaling 106,814 square feet with 32-foot clear heights and a 200-foot depth, and another at 140,479 square feet with the same clear height and a 235-foot depth. All three buildings will be available for lease once complete.
Financing and the Build Team
Construction financing for the project came from Fifth Third Bank and American National Bank, the outlet’s report states. Alliance Architects is serving as project architect, while FCL Builders has taken on the role of general contractor. On the leasing side, Steve Trese, Bob Scully, Ahnie Sheehy and Reid Kennedy of CBRE are marketing the space to prospective tenants…