FORNEY – A Pennsylvania-based international investor has purchased a 900,000-sf industrial building.
The Forney Logistics Crossing building is on a 47-acre site near US 80. It was purchased by EQT Exeter, a unit of global investor EQT AB Group.
Newark Group arranged the sale. Stillwater Capital and Grandview Partners were the sellers. The warehouse is leased to trucking company Knight Swift.
EQT Exeter closed a $4.9 billion industrial building investment fund that represents institutional and private investors from the Americas, Europe, Asia and the Middle East.