Newmark Represents DrinkPAK in Two New Industrial Leases in Fort Worth, Totaling 2.9 Million Square Feet
The transactions represent the largest new industrial occupier leasing commitment completed in a single U.S. market this year1
DALLAS, Dec. 18, 2023 /PRNewswire/ — Newmark announces that DrinkPAK, a canned beverage manufacturer headquartered in California, has closed on two industrial leases totaling 2.9 million square feet in its expansion to Fort Worth, Texas, nearly tripling the company’s real estate footprint. These leases represent the largest new industrial occupier leasing commitment completed in a single market across the U.S. this year and are projected to create 1,000 full-time jobs in the area by 2026. Additionally, the city has approved a 10-year tax abatement valued at $21 million for DrinkPAK’s expansion in support of the area’s long-term development.
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