{"id":37456,"date":"2024-01-08T07:12:44","date_gmt":"2024-01-08T04:12:44","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?p=37456"},"modified":"2025-07-21T14:46:54","modified_gmt":"2025-07-21T11:46:54","slug":"drinkpak-leases-3msf-new-industrial-space-fort-worth","status":"publish","type":"post","link":"https:\/\/www.commercialcafe.com\/blog\/drinkpak-leases-3msf-new-industrial-space-fort-worth\/","title":{"rendered":"DrinkPAK Leases 3MSF of New Industrial Space in Fort Worth"},"content":{"rendered":"<p>Canned beverage manufacturer DrinkPAK recently signed two sizeable industrial leases as part of the company\u2019s expansion to Fort Worth, Texas.<\/p>\n<p>During the lease negotiations, the tenant was represented by a Newmark team of Executive Managing Director, Patrick DuRoss; Vice Chairman John DeGrinis; Senior Managing Director, Jeff Abraham; and Associate Director Javier Galvan; in cooperation with vice chairmen Adam Faulk and James Cooksey; Director Garrison Efird; and Associate Adam Faulk Jr.<\/p>\n<p>According to research quoted by Newmark, the DrinkPAK leases represent the largest new industrial occupier leasing commitment completed in a single market in the U.S. in 2023. Totaling nearly 3 million square feet of <a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/fort-worth\/\" target=\"_blank\" rel=\"noopener\">Fort Worth industrial space<\/a>, the agreements include 1.5 million square feet at Trammell Crow\u2019s 35|Eagle development and 1.4 million square feet at Carter Park East, which is a development owned by Crow Holdings Capital, Rob Riner Companies, and Clarion Partners.<\/p>\n<p>\u201cWe are excited to expand our advanced manufacturing organization with two new state-of-the-art facilities that will enable us to manufacture more high-quality drinks for the best brands in the world,\u201d said Nate Patena, chief executive officer of DrinkPAK. \u201cThis expansion positions DrinkPAK at the forefront of innovation in the beverage industry, offering unique opportunities for the creation of canned low-acid products.\u201d<\/p>\n<p>The two new Fort Worth industrial real estate leases nearly tripled the manufacturer\u2019s real estate footprint. Since the company\u2019s founding in 2020, it had taken multiple leases totaling more than 1.5 million square feet of industrial space in the North Los Angeles region in collaboration with Newmark.<\/p>\n<p>\u201cWe are thrilled to have played a crucial advisory role in securing two monumental leases on behalf of DrinkPAK,\u201d DuRoss said. \u201cThe search process for the ideal site involved a thorough evaluation of multiple states, regions, building sizes, utilities and economic incentives, as well as in-depth labor analyses. Ultimately, these strategic locations were best equipped to support DrinkPAK\u2019s growth strategy. The company was especially drawn to the business-friendly environment and the strong labor and logistics of this dynamic market.\u201d<\/p>\n<p>The business-friendly city reportedly approved a 10-year tax abatement valued at $21 million for DrinkPAK\u2019s expansion in support of the area\u2019s long-term development. The manufacturer\u2019s estimated $452 million investment in developing advanced manufacturing assets for the production, warehousing, and distribution of various beverages aligns with Fort Worth\u2019s ongoing dedication to fostering the growth of industrial jobs. Specifically, the company\u2019s expansion here is projected to create 1,000 full-time jobs in the area by 2026.<\/p>\n<p>\u201cThe Dallas-Fort Worth region has cemented its reputation as the optimal market for supporting the long-term goals of industrial owners and users with a strategic geographical placement and well-connected infrastructure,\u201d Faulk said. \u201cWe are confident DrinkPAK\u2019s vision will benefit from the region\u2019s dynamic and high-growth business environment.\u201d<\/p>\n<p><em>Are you looking for warehouse or manufacturing space for rent in the Dallas-Fort Worth area or other popular markets? Select any of the locations linked below or visit the <\/em><a href=\"https:\/\/www.commercialcafe.com\" target=\"_blank\" rel=\"noopener\"><em>CommercialCafe<\/em><\/a><em> homepage to start your search!<\/em><\/p>\n\n<table id=\"tablepress-45\" class=\"tablepress tablepress-id-45\">\n<tbody>\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/ca\/los-angeles\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Los Angeles<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/dallas\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Dallas<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/az\/phoenix\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Phoenix<\/a><\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/houston\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Houston<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/il\/chicago\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Chicago<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/ga\/atlanta\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Denver<\/a><\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/co\/denver\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Atlanta<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/pa\/philadelphia\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Philadelphia<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tn\/nashville\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Nashville<\/a><\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/oh\/cincinnati\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Cincinnati<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/wa\/seattle\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Seattle<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/ma\/boston\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Boston<\/a><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/ny\/new-york-city\/\" rel=\"noopener\" target=\"_blank\">Industrial space in New York City<\/a><\/td><td class=\"column-2\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/mn\/minneapolis\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Minneapolis<\/a><\/td><td class=\"column-3\"><a href=\"https:\/\/www.commercialcafe.com\/industrial\/us\/tx\/fort-worth\/\" rel=\"noopener\" target=\"_blank\">Industrial space in Fort Worth<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"<p>The canned drink manufacturer nearly tripled its total industrial space footprint, with this sizeable expansion into the Fort Worth market. The deal also marked one of the largest leases to close in 2023. <\/p>\n","protected":false},"author":48,"featured_media":27701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[37,41],"tags":[],"class_list":["post-37456","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate-news","category-industrial","wpautop"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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