Project News / Industrial
EQT Exeter Files $37.9M Warehouse at Airparq 820 in Fort Worth
The single-building project on Angle Avenue is set to start in February 2027 and finish by late November 2027, with no tenant assigned.
An affiliate of EQT Exeter has registered plans for a 505,178-square-foot speculative warehouse at its Airparq 820 industrial park in north Fort Worth, according to a state filing. The project carries an estimated construction cost of $37.9 million.
The filing, registered with the Texas Department of Licensing and Regulation on Nov. 9 under the project name "EQT Airparq 820," lists the site as 3950 Angle Avenue in Fort Worth's 76106 ZIP code in Tarrant County. Its scope reads simply: "One Speculative Warehouse Building 505,178 SF." The estimated construction cost is $37,944,272, or about $75 per square foot.
Filed schedule and project ownership
Construction is scheduled to begin Feb. 18, 2027, and finish Nov. 29, 2027. The project is privately funded on private land. No tenant is assigned, and the filing states that no tenant is funding the work.
The owner is Exeter Angle Land LP, based at EQT Exeter's offices in Radnor, Pennsylvania, with Jason Honesty listed as the owner contact. The design firm is listed as "Not Assigned," and no general contractor is named.
Marketing records describe different buildings
EQT Exeter markets the park as Exeter Airpark 820. Its listing for Building 1 describes a 506,240-square-foot warehouse with 40-foot clear height, 120 dock positions, four drive-in ramps, 158 trailer spaces, 317 car spaces and a 3,360-square-foot speculative office, shown as fully available. That listing also cites 51 hydraulic pit levelers, 4,000-amp electrical service and ESFR fire sprinklers. A leasing flyer places that building at 3900 Angle Avenue and shows Meacham International Airport on its location map, about 16 minutes from downtown Fort Worth and 26 minutes from DFW International Airport.
The company's listing for Building 2 shows 32-foot clear height, 46 dock doors and two drive-ins, divisible to spaces as small as 92,820 square feet, with an estimated completion in the fourth quarter of 2025 and Triple Freeport tax status. It lists 302 car spaces, 35 trailer spaces, a 240-foot shared truck court and two 2,000-square-foot speculative office pods. A separate commercial listing at 3950 Angle Avenue describes a 308,880-square-foot building with 36-foot clear height and 68 docks on a 61-acre site with visibility from Interstate 820.
Building identity remains to be reconciled
It is not yet clear whether the new filing covers the marketed Building 1, a redesigned version of it, or a third building in the park. The square footage in the state filing is within about 1,000 square feet of EQT's Building 1 listing, but the address matches the smaller listed building. No earlier state filing for an Angle Avenue building was found.
EQT Exeter formed when Swedish investment firm EQT acquired Exeter Property Group in 2021. In 2023 it closed its Exeter Industrial Value Fund VI at $4.9 billion, and at the time it reported about $30 billion in real estate assets under management, covering more than 350 million square feet in about 1,800 buildings. In March 2026 the same fund bought a 25-property, 4.3 million-square-foot logistics portfolio from Mapletree. In Fort Worth, Exeter affiliates have also filed tenant improvements for FST Logistics at 2601 Petty Place, including a $5.3 million first phase in a 383,930-square-foot building registered in 2025.
