Altus Equity Group Acquires Kennedale Light Industrial Park in Dallas-Fort Worth Metro

DALLAS and FORT WORTH, Texas, March 19, 2025 /PRNewswire/ -- Altus Equity Group is pleased to announce the acquisition of Kennedale Light Industrial Park, a newly developed small-bay industrial property located in the Dallas-Fort Worth (DFW) Metro Area. The transaction, brokered by Colliers and led by Senior Vice President Cody Payne, closed in February.

Strategically positioned at 7406 Mansfield Hwy, Kennedale, TX, the property consists of seven buildings totaling ~160,000 square feet on a 13.196-acre lot. Completed in late 2023/2024, the industrial park caters to the growing demand for flexible small-bay commercial space in one of the fastest-expanding markets in the U.S.

Kennedale has experienced explosive growth, benefiting from easy access to major urban centers in Dallas and Fort Worth as well as proximity to DFW International Airport. The Fort Worth southern suburbs continue to see strong population and job market expansion, positioning Kennedale as a prime location for industrial development. Located on Business Highway 287, the property enjoys quick access to Interstate 20/820, in turn providing easy access to the rest of the DFW metro and ensuring excellent connectivity for businesses.

The small-bay industrial sector remains a key focus for Altus Equity Group, with Kennedale Light Industrial Park presenting an exceptional value-add opportunity. The acquisition price reflects a 30% discount to estimated replacement cost, allowing for significant upside through strategic lease-up efforts.

"We are acquiring this property well below replacement costs," said Andy Eicher, Senior Vice President of Investments at Altus Equity Group. "At ~30% occupied at purchase, and with a comprehensive, broad-based, professional leasing strategy not yet brought to bear on this asset, the acquisition represents tremendous opportunity to add value by simply leasing up the remainder of the space."

With this acquisition, Altus Equity Group continues to expand its industrial portfolio, capitalizing on high-growth markets with strong economic fundamentals. The firm remains committed to identifying and acquiring underperforming assets with the potential for significant value creation.

About Altus Equity Group

Altus Equity Group is a privately held real estate investment firm that owns and operates properties across the United States, with a primary focus on multifamily and industrial assets. The firm's team of professionals specializes in unlocking hidden asset value through innovative deal structuring, disciplined financing, and rigorous asset optimization—proven strategies that maximize returns for the Altus investor community.

With over 20 years of experience as a real estate sponsor, Altus Equity Group operates across three core business lines—real estate assets, property management, and private lending—serving institutional and retail clients nationwide. The firm's 93% investor reinvestment rate reflects its consistent performance and strong investor confidence.

Altus has offices in Chico, CA, Austin, TX, and Greenville, SC.

Altus Equity Group contacts:
Forrest Jinks: fjinks@altusequity.com
Andy Eicher: aeicher@altusequity.com
Chad Richards: crichards@altusequity.com

Media Contact:
James McGee
6198651551
391988@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/altus-equity-group-acquires-kennedale-light-industrial-park-in-dallas-fort-worth-metro-302405024.html

SOURCE Altus Equity Group