CenterPoint Properties acquires newly constructed Fort Worth distribution facility

CenterPoint Properties has invested in a brand-new, Class A distribution facility at 15277 Heritage Parkway in Fort Worth, Texas. The fully leased building is the national industrial firm’s first in Fort Worth and eighth in the Dallas-Fort Worth area, where its portfolio now tops 2.3 million square feet.

Rives Nolen, CenterPoint’s Central Region senior vice president of investments, said the drivers of his team’s interest in the investment were its “incomparable combo of features and location” at what he calls “the front door” to the coveted Alliance area of the North Fort Worth industrial submarket.

“The best-in-class features, above-market finishes, and superior functionality of this product are rivaled only by a location in the metro that makes it second to none,” said Nolen. “The building has high visibility with frontage on I-35 West, just a few minutes from Texas SH-114, Alliance Airport, the Alliance Intermodal, and 20 miles from DFW International Airport. You’d be hard-pressed to find its equal, even in a market flush with new product deliveries in recent years. It’s an outstanding accretive addition to CenterPoint’s growing DFW portfolio,” he finished.

The 103,803-square-foot food-grade distribution facility is fully air-conditioned, features a 32-foot clear height, 27 dock-high doors, a drive-in, and an ESFR sprinkler system.

The more than 8-acre property accommodates parking for over 120 cars and features enhanced security, including fencing surrounding the entire building and a guard shack to help monitor the site’s single ingress/egress point.

Alliance is one of DFW’s strongest industrial areas, having seen a net absorption of more than 2 million square feet in 2025 alone. Overall, CBRE reports DFW had its 60th consecutive quarter of positive absorption in Q3 2025.