We’re excited to announce that LanCarte Commercial has the listing for Heritage Park, a large commercial property with triple freeport tax exemptions located in Mansfield, Texas. The 460,000 SF building is the former distribution hub for Pier 1 Imports, and is ideally suited for another furniture or e-commerce distributor.
Lonejack II LLC purchased Heritage Park via auction. Lonejack, also based in Mansfield, is managed by James Sellers, the founder and CEO of Sellmark.
Despite the economic side effects of COVID-19, the industrial real estate submarket has remained strong. With ample space available across Dallas/Fort Worth, absorption has remained strong, and in Mansfield in particular, business migration to this area has been steady. Other industrial businesses in Mansfield include Klein Tools, Solvay Polymers, Mouser Electronics, and many more.
With continued demand for industrial space, we believe Heritage Park offers the unique opportunity to operate in one of the strongest labor markets in DFW. This is a highly functional building with exceptional access at a competitive rate. We expect to see quite a bit of activity.
If you’d like more information on Heritage Park, please contact Sarah LanCarte at 817-409-4041.