The Barack Ferrazzano Real Estate Group served as legal counsel to TradeLane Properties in the acquisition of 1650 S. Cherry Lane, a former 'big box’ retail facility totaling 120,200 square feet in Fort Worth. The facility is located on 8.52 acres with three drive-in doors, four dock doors, 18-foot clear height, 1,600 amps of power, 201 auto stalls and a 370-foot deep truck court.
Purchased within the TradeLane Properties U.S. Industrial Fund II, a value-add investment fund focused on key Central U.S. logistics markets, the investment was 100% vacant upon acquisition. As part of its investment strategy, TradeLane Properties rezoned the premises to warehouse/distribution and will redevelop the facility to an industrial facility.
Barack Ferrazzano’s legal team was led by Michael R. Hall and associate Elizabeth J. Cooper.
Original source can be found here.