Stonemont Financial Group, a private real estate investment firm specializing in industrial development, acquisitions and net lease investments, announced today that it sold a 213,581-square-foot industrial facility to Victaulic in Fort Worth, Texas. Originally planned as a speculative project when construction launched in late 2021, the warehouse provides a key hub for Victaulic within the company’s international distribution network.

The Class A industrial facility is located on FM 156 adjacent to the Fort Worth Alliance Airport, with immediate access to State Road 114 and I-35. The building includes up to 98 parking spaces, 35 trailer stalls and 38 dock doors. The facility will be used by Victaulic for manufacturing and distribution of products within the Texas market, and marks the first location in the state for the company. Victaulic is a global producer of mechanical pipe joining and flow control solutions.

“Our team at Stonemont remains bullish on North Texas due to its strong market fundamentals, and this project is a testament to the area’s attractiveness for top-tier businesses looking to establish a footprint in the state,” said Josh Wheeler, senior vice president at Stonemont. “We felt confident in investing in the Fort Worth market due to its abundant labor supply and premier access to major transportation routes, and our optimism paid off when Victaulic reached out to us. They have been an incredible client to work with, and we are proud to play a role in their growth story as they expand their reach into the Lone Star State.”

Victaulic approached Stonemont several months into construction to purchase the shell, which the company then designed and built out with its unique needs in mind. Victaulic chose the building due to its premier location within the high growth, business-friendly environment of North Texas. The manufacturing facility is expected to bring a number of high-paying jobs to the area. Construction on the facility wrapped in Q4 2022. Stonemont was represented by Ann Jaggars and Tony Creme of KBC Advisors in the transaction. Victaulic was represented by Trey Fricke of Lee & Associates.

Dallas Fort-Worth also saw more than 11.5 million square feet of industrial leases transacted in Q2 2023, according to Cushman & Wakefield. Following this strong Q2, year-to-date absorption stands at +20 million square feet for the market.

Stonemont has established a strong footprint in Dallas-Fort Worth with over 2 million square feet of development delivered in the market. Some recent projects in the area include the 230,000-square-foot Westinghouse35 in Georgetown, Texas, three speculative warehouses totaling 699,000 square feet in Fort Worth and a 565,000-square-foot industrial development in Wilmer, Texas.