The data center project support company will occupy 436K SF at a Class-A industrial property in North Houston.
Ireland's previously soaraway industrial and logistics market had cooled last year, but 2025 has seen transactions return, with major portfolios under bid.
The e-commerce boom, coupled with tariffs, has caused 3PLs to increase their footprints
Five more properties, all development sites, are in various stages of disposition.
The company is under an agreement to acquire Fort Worth-based Fort Capital, whose 11M SF industrial portfolio is largely concentrated in Texas.
Randy Baird, Ben Doherty and Brice Hafner joined forces to create Eider Creek, a new firm focused on development and acquisitions in top logistics markets.
Due to the competitiveness of DFW's industrial market, the key to getting deals capitalized often comes down to discretionary equity and existing relationships.
Net absorption stood at negative 1.3M SF in the second quarter, with total absorption in the first half down 35% to 47.4M SF.
The deal would be funded through cash from one or more of its investment vehicles and debt financing.
The portfolio consists of 58 industrial properties and one surface parking lot across 13 states.
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