#United States #Fort Worth #Houston #GTIS Partners #Champions Circle

GTIS Partners and Hopewell's Successful Sale of Champions Circle Business Park

GTIS Partners LP, a global player in real estate investment, and Hopewell Development LP, a prominent Canadian development firm, have successfully finalized the sale of the Champions Circle Business Park. This premier Class A industrial site is strategically positioned in the heart of the Dallas-Fort Worth metropolitan area.

Location and Features
The Champions Circle Business Park is situated at the crucial intersection of SH-114 and Champions Parkway, within the well-regarded Alliance Texas master-planned development. Spanning 21 acres, the park comprises three cutting-edge industrial buildings, offering a total area of 361,040 square feet. Designed specifically for smaller and mid-sized companies, Champions Circle aims to meet the significant demand in North Fort Worth's industrial sector.

Its prime position grants tenants seamless access to vital transportation routes, most notably the significant I-35W highway, alongside being in close proximity to Fort Worth Alliance Airport and Dallas-Fort Worth International Airport. These logistical advantages make the park an attractive proposition for businesses seeking strategic operations in a booming area.

Community Impact
David Pahl, U.S. Acquisitions Managing Director at GTIS Partners, expressed his enthusiasm regarding the sale: "We are thrilled to announce the successful sale of Champions Circle, a project that underscores the potential of Alliance Texas as a dynamic industrial hub. The Dallas-Fort Worth region ranks among the fastest-growing areas in terms of both population and job opportunities, resonating with our investment strategy focused on high-growth markets."

Phil Brown, Senior Vice President of Industrial Acquisitions and Leasing at Hopewell, echoed this sentiment, noting the project's significance in strengthening their partnership with GTIS. "Champions Circle illustrates our sustained commitment to providing top-notch industrial spaces that align with the changing requirements of tenants and investors within vital markets across North America, particularly in North Fort Worth."

Development Journey
The journey to the completion of Champions Circle began when GTIS and Hopewell finalized their development plans in January 2021. Their collaborative effort has culminated in creating a location that not only meets modern industrial demands but also enhances the economic landscape of the Fort Worth area.

About GTIS Partners
Founded in 2005, GTIS Partners operates internationally, with headquarters in New York and several offices across key cities including São Paulo, Los Angeles, Dallas, and Munich. The firm manages a broad portfolio worth $4.7 billion, encompassing single-family and multifamily housing, office spaces, and logistics hubs. Notably, GTIS holds a significant position within the Brazilian real estate sector, focusing on various asset classes. For more details, visit www.gtispartners.com.

About Hopewell Development
Operating from Calgary, Canada, Hopewell Development has been a leader in commercial real estate for nearly three decades. Known for personalized real estate solutions, Hopewell guides clients through the development process from site selection to leasing. With projects active across major cities, it is recognized as one of North America's leading developers. Discover more at www.hopewelldevelopment.com.

In sum, the sale of Champions Circle Business Park marks a notable achievement for both GTIS Partners and Hopewell, highlighting the evolving industrial landscape of the Dallas-Fort Worth area and the robust demand for premium industrial developments.