Texas-based industrial real estate investment firm Harbor Capital recently announced the acquisition of a light industrial park located near the highly desirable Great Southwest submarket of Arlington, Texas.
The seller was industrial real estate platform Fort Capital, which is now part of national vertically integrated real estate investment manager S2 Capital. Stream Realty’s Capital Markets team brokered the sale, working on behalf of the seller. Meanwhile, S2 Industrial Property Management has been engaged to manage the property going forward.
Located at 923 W. Mayfield Road, the property encompasses more than 190,000 square feet of Arlington flex industrial space across four buildings. Originally completed around 1960, the property — dubbed Shoreline Business Park — consists of four shallow-bay industrial buildings that were 100% leased at the time of sale and is home to 15 diverse tenants.
Strategically positioned in one of the most supply-constrained industrial corridors in the Dallas–Fort Worth metroplex, Shoreline benefits from direct access to major highways and easy connectivity to the region’s rooftops, logistics infrastructure and labor base.
Located in a tight market and reportedly acquired at a significant discount to replacement cost, Shoreline Business Park came with long-term value opportunities that Harbor Capital plans to make the most of. Specifically, following the acquisition, Harbor announced plans to implement a focused capital improvement strategy, make select property upgrades aimed at supporting tenant renewals, and position the asset to capture market rent growth.
Headquartered in Austin, Texas, Harbor Capital specializes in the acquisition and operation of high-conviction industrial assets across major metros and trade corridors in the state. With a strong focus on value-add opportunities in growth-oriented submarkets, the Harbor investment strategy targets class A and B warehouse, manufacturing and industrial outdoor storage properties that offer compelling, risk-adjusted returns.
According to our most recent industrial markets report, the Texas Triangle is looking at a new wave of industrial expansion as supply pipelines in Dallas–Fort Worth and Houston have roughly doubled year-over-year: Industrial property sales closed during the first six months of the year added up to more than $1.6 billion — the second-largest year-to-date total in the nation, just behind New Jersey.
