DrinkPak takes 1.3M sf of Fort Worth industrial

A California-based beverage company will double its industrial real estate footprint when it expands to Texas.

DrinkPak plans to invest $452 million in its Fort Worth operations, the Dallas Morning News reported.

The company will lease about 1.3 million square feet split across two manufacturing spaces. One is in the Trammell Crow Company-owned complex at 25001 Eagle Parkway in the Alliance area. The other is in Rob Riner Companies’ Carter Park East in Southeast Fort Worth.

DrinkPak cans beverages for a variety of brands on behalf of marketers of juice, water and soda to hard seltzer, beer and wine. The Texas facility will add milk-based drinks to the company’s capabilities, according to its website.

The company operates out of 1.4 million square feet in Santa Clarita, near Los Angeles, which it says is the largest canned beverage contract manufacturing facility in the United States.DrinkPak has a tax-abatement agreement with the city of Fort Worth, incentives totaling about $21 million. The company will add about 1,000 jobs, and the agreement requires an average annual salary of $70,000.

Cold storage is what’s hot in development.

Indianapolis-based Scannell Properties is building a $73 million cold storage facility about 5 miles from downtown Fort Worth, at 5301 East First Street. Construction on the 357,000-square-foot complex, expected to cost about $204 per square foot, could wrap up in April 2025.

An entity in Bellevue, Washington, is developing an 80,000-square-foot cold storage facility at 610 Terminal Street in Freeport, Brazoria County, near Houston. The project is expected to cost $25 million, or $312 per square foot, according to a filing with the Texas Department of Licencing and Regulation. Construction is expected to start in December.

A scattering of significant leases:

Network Wireless Solutions renewed its 130,000-square-foot lease at 2040 McKenzie Drive in Carrollton, near Valwood Parkway. The landlord is BREIT Industrial Canyon TX1M15LLC, which has the same Chicago address as Revantage. The lease renewal comes as Network Wireless, which supplies equipment and support to the wireless telecom industry, shifts its distribution hub from North Carolina to Texas. The space will undergo renovations, according to a news release from Bradford Commercial Real Estate Services. Joe Santaularia of Bradford represented Network Wireless in the renewal, while Sara Ozanne and Mac Hall of Stream Realty Partners represented the landlord.

Daikin Comfort Technologies Manufacturing has leased 501,000 square feet in the Great 290 Distribution Center in Northeast Houston from Pagewood, Bisnow reported. Houston-based Pagewood developed the complex and fully leased it to Daikin the same month it was delivered. Daikan is a Japanese provider of residential and commercial air conditioning and heating systems.

Paramount Transportation Systems extended its 65,000-square-foot lease at World Houston International Business Center in Houston, from Eastgroup Properties. Newmark’s Jay Magness, Joshua Brown and Kaitlyn Duffie represented the tenant. InSite Realty Partners represented the landlord.

Senderoo LLC leased almost 25,000 square feet at 4385 Seymour Highway in Wichita Falls, west of Fort Worth, from G.M. Properties. Newmark’s Chase Gabriel, Robert Stephens and Jack Brewer represented the tenant.

—Rachel Stone and Jess Hardin

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