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Ireland's previously soaraway industrial and logistics market had cooled last year, but 2025 has seen transactions return, with major portfolios under bid.
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The e-commerce boom, coupled with tariffs, has caused 3PLs to increase their footprints
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Five more properties, all development sites, are in various stages of disposition.
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The company is under an agreement to acquire Fort Worth-based Fort Capital, whose 11M SF industrial portfolio is largely concentrated in Texas.
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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.
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Due to the competitiveness of DFW's industrial market, the key to getting deals capitalized often comes down to discretionary equity and existing relationships.
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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.
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The deal would be funded through cash from one or more of its investment vehicles and debt financing.
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The portfolio consists of 58 industrial properties and one surface parking lot across 13 states.
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National Development has already begun demolition on the site.
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