TradeLane Properties Announces Acquisition of 1650 S. Cherry Lane
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.
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