Cushman & Wakefield of Texas, Inc. (C&W) announces the purchase of a 14,674-square foot industrial building on seven acres of land located at 1315 Riverside Dr. in Fort Worth, Texas, by Hearthstone Properties. In addition, Hearthstone Properties has leased the facility to TNT Crane & Rigging, Inc. TNT Crane, headquartered in Houston, will relocate its current crane rental facility in Cleburne to the Fort Worth site. Pete Richardson and Drew Richardson from the Dallas office of C&W represented Hearthstone Properties in the purchase, as well as negotiating the lease agreement with TNT Crane. Bob Scully of CBRE negotiated the sales transaction on behalf of the previous property owner, Bright Truck Leasing.
TNT Crane & Rigging, Inc. is one of the largest crane service providers in Texas. The company has eight crane rental locations throughout Texas and Louisiana and owns a modern fleet of more than 150 cranes, which range in lifting capacity from 15 tons to 800 tons.