EastGroup Properties begins construction on Phase II of Basswood 35

EastGroup Properties has begun construction on the second phase of Basswood 35, a Class A industrial development in Fort Worth. Located at Basswood Boulevard and I-35 W, Phase II will consist of three buildings totaling over 351,000 square feet. The 61.45-acre, master planned development will consist of seven buildings totaling 882,000 square feet at full build out. NAI Robert Lynn Managing Principal and Fort Worth President Todd Hubbard, Principal and Executive Vice President Michael Newsome, Executive Vice President Jeff Jackson, and Transaction Manager Joe McLiney will represent EastGroup in the leasing of this project.

Phase I, two buildings totaling 237,400 square feet, was 100% pre-leased to four tenants prior to shell delivery.

Located in the North Fort Worth industrial submarket, Basswood 35 Phase II includes three new buildings measuring 89,741, 130,750 and 130,750 square feet. The buildings flexible design includes rear load and front load configurations, with multiple store front entries to accommodate users ranging from approximately 20,000 to 130,000 square feet. On the remaining land in the industrial park, EastGroup plans to construct a 96,000-square-foot rear load and 197,400-square-foot cross dock building as part of its third phase.

Method Architects will handle design, Talley Riggins will serve as general contractor, and civil engineering will be handled by Halff. Construction is scheduled to be completed by end of Q4 of 2023.