CIM Group buys 1.1msf Fort Worth industrial asset

CIM Group has acquired Junction 20/35, a 1.1 million-square-foot logistics center located at 7550 Oak Grove Road in south Fort Worth, Texas.

The seller and financial terms were not disclosed; however, Provende Partners is reportedly the seller, according to other media outlets.

Junction 20/35 occupies roughly 90 acres. Built in 1989, the purpose-built facility has modern clear heights and column spacing, loading bays, a truck court, car and trailer parking, and rail accessibility. The multipurpose facility has been renovated several times, most recently in 2018, and provides freezer and cooler space.

Junction 20/35 is well located with access to strong transportation networks, including Interstate 20 and Interstate 35, which provide access to other areas of Texas and the greater Southern United States as well as to three airports — DFW International, Alliance and Love Field. The property is also convenient to rail transportation and two major intermodal facili