A North Fort Worth locomotive manufacturer is leasing a new warehouse to consolidate its operations.
Wabtec Corp., which last year purchased GE’s transportation division, operates a major locomotive and mining plant at 16201 Three Wide Drive in Fort Worth.
Wabtec is now 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 Scannnell 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-sq-ft locomotive plant and 250,000-sq-ft mining plant.”
The company will occupy the new building – which is just West of the 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.