Leon Capital Buys Land for Industrial Development Near Fort Worth

A Dallas-based investor has purchased 15 acres near Fort Worth for an industrial development.

Leon Capital Group bought six parcels along Trinity Boulevard near the intersection of House Anderson Road, about 14 miles northeast of downtown Fort Worth, in Euless.

Plans include construction of two buildings spanning about 125,000 square feet each. One is planned north of Trinity Boulevard, and the other one south of the intersection. Leon assembled the six parcels from four owners. Sale prices and estimated construction costs weren’t disclosed.

Nancy Halliday and Don Plunk of Emory Associates brokered the deals.

The land acquisition demonstrates “the city’s appeal as a hub for industrial growth,” according to a news release from Leon.

In addition to this project, Leon plans to build a nearly 150,000-square-foot industrial facility in east Fort Worth. That project will be near the intersection of Gravel Drive and Jack Newell Boulevard, according to filings with the Texas Department of Licensing and Regulation.

The projects are part of a boom in industrial development in North Texas. More than 52 million square feet of industrial real estate was delivered in the Dallas-Fort Worth market through the third quarter of this year. Another 49 million square feet were in the development pipeline. While the region’s development pipeline shrank after peaking in the first quarter of 2023, it remains the country’s top builder of industrial space.

Investment in the asset class is also booming. In the first nine months of 2023, Dallas-Fort Worth saw $13.2 billion in industrial deals, the Dallas Morning News reported.

Earlier this month, Florida investor Basis Industrial paid $82 million for two industrial sites totaling nearly 600,000 square feet in east Fort Worth.

Leon Capital Group is a family holding company that oversees $10 billion of private capital.