A North Fort Worth locomotive manufacturer is leasing a new warehouse to consolidate its operations.
Wabtec Corp., which purchased GE’s transportation division last year, operates a major locomotive and mining plant at 16201 Three Wide Drive in Fort Worth.
Wabtec is leasing more than 262,000 square feet of warehouse space in the Speedway Logistics Crossing business park at 2600 Petty Place, according to filings with the state.
The building, near State Highway 114, is owned by Indianapolis-based Scannell Properties, according to the filing.
“We are consolidating two warehouses into one,” Tim Bader, Wabtec’s senior business communications leader, said in an email. “It is moving our current employees from the two existing warehouses into this new warehouse.
“The other benefit is the move brings our production materials closer to the two manufacturing facilities the existing warehouses support,” Bader said. “The new warehouse is located literally right across the street from to our 1-million-square-foot locomotive plant and 250,000-square-foot mining plant.”
The company will occupy the new building, which is just west of Texas Motor Speedway, in the fourth quarter.
Wabtec’s lease just the latest in a series of recent warehouse transactions in North Fort Worth.
During the first half of 2020, expanding and relocating businesses net leased almost 15 million square feet of North Texas warehouse space. And more than 23 million of additional industrial buildings are under construction in the area.
Read More: Locomotive manufacturer leases a new warehouse location in North Fort Worth