#United States #Dallas-Fort Worth #Altus Equity #Kennedale Park #Kennedale

Altus Equity Group Acquires Kennedale Light Industrial Park

Altus Equity Group has officially acquired the Kennedale Light Industrial Park, a newly constructed small-bay industrial property located strategically within the Dallas-Fort Worth Metropolitan Area. This significant transaction, facilitated by Colliers and led by Senior Vice President Cody Payne, was completed in February.

The industrial park, situated at 7406 Mansfield Highway in Kennedale, TX, features a total of seven buildings spanning approximately 160,000 square feet on a 13.196-acre site. The property has been designed to meet the rising demand for flexible commercial space, reflecting the trends of one of the nation's rapidly expanding markets. The completion of the complex occurred in late 2023 to early 2024, aligning perfectly with the needs of local businesses looking for adaptable workspaces.

Kennedale has witnessed remarkable growth, advantageous for its proximity to primary urban locations in both Dallas and Fort Worth, and its closeness to DFW International Airport. With the southern suburbs of Fort Worth continuing to grow in population and job opportunities, Kennedale has emerged as an attractive region for industrial project investments. Located directly on Business Highway 287, this property enjoys abundant access to major highways, including Interstate 20 and 820, ensuring seamless connectivity across the broader DFW area— a crucial aspect for companies relying on efficient logistics and distribution.

The small-bay industrial segment is a primary focus area for Altus Equity Group, and the acquisition of the Kennedale Light Industrial Park presents an attractive potential for added value. The purchase price reflects a notable 30% discount compared to estimated replacement costs, presenting substantial upside potential through effective leasing strategies. Andy Eicher, Senior Vice President of Investments at Altus Equity Group, highlighted this opportunity, stating, “We are acquiring this property well below replacement costs,” further noting that it was approximately 30% occupied at the time of purchase. The firm plans to implement a comprehensive professional leasing strategy to maximize the occupancy potential of the asset, offering considerable prospects for future revenue generation.

With this acquisition, Altus Equity Group continues its trajectory to expand its industrial portfolio, strategically targeting growth markets characterized by robust economic fundamentals. The firm maintains a keen commitment to sourcing and securing underperforming assets that can be transformed into valuable opportunities.

About Altus Equity Group

Founded as a privately held real estate investment firm, Altus Equity Group specializes in owning and managing properties nationwide, with a concentrated focus on multifamily and industrial assets. The firm's adept team combines innovative deal structuring with disciplined financing and thorough asset optimization processes, designed to unlock hidden asset values and maximize return on investment for clients.

Leveraging over two decades of industry experience, Altus Equity Group manages a diverse portfolio across three primary business lines: real estate holdings, property management, and private lending, serving both institutional and retail clients across the United States. Their impressive investor reinvestment rate of 93% underscores consistent performance and strong confidence from their investor community. Altus maintains offices in Chico, CA; Austin, TX; and Greenville, SC, positioning the firm well for continued growth and expansion in the dynamic real estate market.