Matador acquired this property in December 2023, an opportunity sourced through our director of acquisitions. This property comprises two tilt-wall buildings, representing vintage product in an infill Fort Worth submarket. A notable aspect of this acquisition is that the competitive set in the immediate vicinity is almost entirely occupied, indicating strong demand in the area. Most existing tenant leases are set to expire in 2024, providing potential for renegotiation or new leasing opportunities. The property has maintained full occupancy, and Matador has already successfully renewed leases with two tenants. Currently, we are engaged in lease renewal negotiations with the remaining tenants. This proactive management strategy underscores our commitment to sustaining high occupancy and leveraging market conditions to enhance property value.

• Size: 31,500 SF

• Land: 1.80 AC

• Tenant Type: Multi