MDH Partners Acquires 670,914 SF Industrial Building In Fort Worth, TX For $67.5M

MDH Partners today announces the acquisition of Fort Worth Logistics Hub, Building 1, a 670,914-square-foot, Class-A industrial building 100% leased by Samsung SDS America and located in Fort Worth, Texas. The purchase price for the acquisition is $67.5 million. Joe DeHaven served as the acquisition lead for MDH Partners. Eastdil Secured represented the seller in this transaction. 

“Dallas-Fort Worth remains a strategic market for us, and is a key logistics hub serving both the growing metro population and the surrounding region,” said Joe DeHaven, Senior Managing Director at MDH Partners. “With some economic uncertainty looming, one of our focuses currently is to pursue long term leased newly constructed buildings in tier 1 sunbelt markets, and this asset fits that profile well.” 

Fort Worth Logistics Hub is situated on 39 acres of land and located at 9450 Burleson Cardinal Road in the Dallas-Fort Worth industrial market. Delivered in 2022, the property features 245 parking spaces and 36-foot clear heights. Fort Worth Logistics Hub is ideally positioned less than one mile west of I-35 and less than four miles south of I-20 – two major distribution channels for the Central United States. The property is in close proximity to the Alliance Airport and the Dallas-Fort Worth International Airport, the third-busiest and 11th-largest cargo airport in the United States. Dallas-Fort Worth is a highly desirable area for industrial users, as the fourth-largest metropolitan area in the country with a population of over 7.9 million people. 

Fort Worth Logistics Hub is fully leased to Samsung SDS America, a provider of logistics and IT services to the Samsung Group. The company has experienced robust growth since 2019, surging from $850 million to $1.6 billion in revenue, underpinning the strong demand for their services. 

The Dallas-Fort Worth industrial market saw continuous demand for warehouse and distribution center developments in 2022. According to JLL, the Dallas-Fort Worth industrial market saw 10.2 million square feet of space absorbed in the fourth quarter of 2022, and nearly 37 million total square feet of space absorbed in 2022. 

MDH Partners continues to add to its DFW portfolio, having bought a 1 million-square-foot portfolio, Everman Crossroads, in 2021 within the same submarket, which is fully leased to Purina and GXO. Fort Worth Logistics Hub will increase MDH Partners’ Texas footprint to over 3.3 million square feet with the pending acquisitions. The firm previously entered a forward purchase agreement to acquire El Paso Industrial Park, a three-building, 555,120-square-foot, Class-A industrial portfolio under construction in El Paso, Texas, in February. MDH Partners has remained active this year, having recently expanded its portfolio into new markets including California, Minnesota, Maryland, Indiana, Illinois and Pennsylvania, and currently owns more than 101 assets across 20 states.

About MDH Partners

MDH Partners is an Atlanta-based real estate investment company managing its discretionary funds targeting industrial real estate across the United States on behalf of its institutional investors. Founded in 2005 as the successor to a fifty-year-old local real estate development company, MDH Partners has led and/or participated in over $6 billion (80 million square feet) of acquisitions, developments, and asset management as an advisor and investor. For more information, visit