Construction of the fourth warehouse at Carter Park East in Fort Worth is expected to be complete by December.
In a state filing, the developer, Carter Park East Land, indicated the 1.4 million-square-foot building represents Phase 3 of the 550-acre master-planned industrial park in south Fort Worth.
According to documents posted on the park’s website, three of the buildings have been leased to unnamed tenants. Eleven facilities will be built through five phases of development.
Meanwhile, California-based DrinkPAK announced on November 7 that it plans to expand its canned beverages manufacturer at Carter Park East and 35 Eagle, creating 1,000 jobs over the next two years. The company produces alcoholic and non-alcoholic beverages, including canned cold brew coffee, sodas, water, canned cocktails, energy drinks, and hard seltzers.
However, the industrial building market in North Texas is beginning to slow, The Dallas Morning News reported in October, even as Dallas-Fort Worth continues to lead the country in construction in that sector.
“After topping more than 66 million square feet of warehouse and distribution buildings in the development pipeline at the start of the year, industrial construction has pulled back closer to 49 million square feet, according to brokerage company reports,” the newspaper reported. “Through the third quarter, net industrial building leasing in D-FW totaled 23.6 million square feet, according to property firm Avison-Young. Overall industrial vacancy has risen to about 8.9% from less than 6% at the start of the year.”
Carter Park East counts Dallas-based Stream Realty Partners, Dallas-based Crow Holdings Capital, Fort Worth-based Rob Riner Companies, and New York-based Clarion Partners among its stakeholders.
The state filing lists RGA Architects of Roanoke as the design firm.