Supporting Industrial Growth in North Texas
Junction 20/35 is a 1.1-million-square-foot dry and cold distribution center in South Fort Worth, TX. The Dallas-Fort Worth (DFW) metro area is the third largest industrial market in the country and ranks number one in the U.S. for population and employment growth. The market’s diverse tenant base includes major industries including consumer goods, e-commerce and third-party logistics providers.
Junction 20/35 Case Study
Learn how our vertically integrated team updated and enhanced this property to effectively serve communities.
Junction 20/35 is well-situated with proximity to I-35 and I-20 as well as three airports and two intermodal facilities, where shipments are transferred from one transportation type to another. Built in 1989 as a regional grocery distribution center, Junction 20/35 has undergone numerous renovations and expansions to accommodate market demands.
The property was 56% occupied when CIM acquired it in 2020. Since then, our in-house Property Management, Construction and Development teams worked together to identify and complete significant capital enhancements such as removing existing racking, making necessary repairs, and activating rail access for the property. Following completion of these improvements in 2021, our Leasing team fully leased the property.
Looking ahead, we plan to further leverage the expertise of our in-house teams to develop an adjacent 13.3-acre parcel included in the 2020 acquisition to house a 140,000-square-foot cross-dock warehouse facility with 111 auto parking spaces and 102 trailer parking spaces.
Factors such as the increased demand for ready-to-eat options, the rapid growth of e-commerce and e-grocery, and increasing urbanization and densification are expected to further heighten the importance of distribution facilities. With a vertically integrated team, CIM is uniquely positioned to maximize assets like Junction 20/35 to better serve the needs of communities across the U.S.
Securities distributed by affiliate broker-dealer: CCO Capital, LLC, member: FINRA / SIPC
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