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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Coppell industrial sites sold

 

Coppell Commerce Center & Coppell Business Center

 

An affiliate of Lincoln Property Co. has purchased Coppell Commerce Center & Coppell Business Center.
The two industrial facilities comprise six, Class A buildings, which total 771,720 square feet and combined were 91 percent leased at the time of sale.
CBRE represented the seller, a global investment manager, on the sale and worked on behalf of Dallas-based Lincoln Advisory Group, an affiliated entity of Lincoln Property Company to arrange two permanent loans valued at $25.5 million through Allstate and Bank of America to finance the acquisition.
“Two differing acquisition strategies for the portfolio assets necessitated two unique loan structures and both Allstate and Bank of America stepped up to meet those needs. All parties provided for a clean, painless execution,” said Matt Ballard, vice president in CBRE’s Debt and Equity Finance group.
The six Class A, single story, multi-tenant industrial buildings were constructed between 1997 and 2000 are located in Coppell within the Dallas-Fort Worth Airport submarket, which is the most institutionally owned submarket in Metroplex. Coppell Business Center is located at 1405, 1421, 1441 and 1461 South Belt Line Road and Coppell Commerce Center is located at 1221 South Belt Line Road and 1234 Lakeshore Road.
Jack Fraker, Josh McArtor, Jonathan Bryan, and Heather McClain Venegoni marketed and sold the two industrial parks on behalf of the seller. The team of Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas office originated and secured the financing for the transaction on behalf of the borrower, Lincoln Advisory Group. 
 

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