Manulife Investment Management announces acquisition of industrial warehouse in Fort Worth

Manulife Investment Management has acquired Alliance Gateway 11, a 788,160-square-foot industrial warehouse located in the NE Tarrant/Alliance submarket of Fort Worth, Texas.

The property is 100 percent leased to a well-known large-scale tenant on a long-term lease, occupying the building as an e-commerce fulfillment facility.

The building is strategically located on a 38.2-acre site, with  more than 1.67 million people living within a 20-mile radius. In addition, the property is located near the Fort Worth Alliance Airport, BNSF Railway Intermodal Facility, and major thoroughfares, including highways 114 and 170, and Interstate 35.

The Dallas-Fort Worth-Arlington area is currently the fourth largest metropolitan statistical area in the United States, having grown by approximately 24 percent since 2010. The industrial market has grown by 223 million square feet, or nearly 27 percent, since the beginning of 2010, while maintaining a stable five or six percent va