FORT WORTH, Texas — Read this story and more North Texas business news from our partners at the Dallas Business Journal
Mainfreight Ltd., a logistics company headquartered in New Zealand, has signed a build-to-suit lease for a 62,000-square-foot freight terminal in Haslet.
The freight terminal will be on 21.3 acres at 112 Harmon Road in Haslet, about 16 miles north of Fort Worth. The site is near the BNSF Intermodal Facility and one mile from Perot Field Fort Worth Alliance Airport, one of the world's busiest cargo airports.
It will be the first freight terminal in Texas for Mainfreight, which handles freight services from air and ocean freight to warehousing and distribution and is publicly listed on New Zealand Exchange under the ticker "MFT." But the company says it is looking to do more in the state.
The new terminal is designed to have 86 dock doors and 20,000 square feet of office space across two stories, as well as trailer parking.
The building that Mainfreight will occupy is being developed by Harmon CTH, an entity managed by Chicago-based Timber Hill Group and Champion Realty Advisors.
Harmon CTH acquired the site in October 2021. Preliminary site work began in October and Mainfreight signed the lease in January. Now the company is getting closer to occupying the building — work is expected to be completed in December.
"Dallas-Fort Worth is a great market for less than load carriers. With high growth potential for logistics companies, the market offers a strategic hub for distribution networks and access to thriving markets," Timber Hill Chief Operating Officer Ryan Battistoni said in a statement.
This is the second terminal Timber Hill and Champion are developing for Mainfreight. The other is a 57,000-square-foot freight terminal in Carol Stream, Illinois.
Lee & Associates DFW represented Harmon CTH while CBRE represented Mainfreight in lease negotiations.
North Fort Worth leads the west side of the Metroplex for industrial development, with 3.62 million square feet under development in the first quarter, according to data from real estate firm JLL. The South Fort Worth submarket was close behind with 3.5 million square feet under development and the Great Southwest/Arlington market had more 3 million square feet under development.
