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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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Fort Worth launching Stockyards design task force

The task force, to be chaired by the Fort Worth architect Eric Hahnfeld, would be responsible for confirming the boundaries of the city's planned Stockyards design district and reviewing the work of a consultant.

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Allen office building acquired for $15.15 M

 

Gladstone Commercial Corp. announced July 15 it purchased a two-story, 115,200 square foot, two-tenant office building located in Allen for $15.15 million. Acquisition financing was provided by Synovus Bank simultaneously with the acquisition.


"This acquisition highlights our strategic decision to expand our acquisition focus beyond single tenant properties to multi-tenant properties with a strong anchor tenant," said Buzz Cooper, senior managing director of the company.


Gladstone Commercial is a real estate investment trust (REIT) based in McLean, Va. that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The company currently owns 85 properties.

ric Mackey, Gary Carr, John Alvarado and Robert Hill of CBRE arranged the transaction.

“Investors were attracted to this asset due to its exceptional location within the Allen-McKinney office submarket, along the frontage road of US-75 at Bethany Drive. Allen’s supply-constrained office market features direct asking rents that have increased for the past six consecutive quarters,” said Eric Mackey, senior vice president of CBRE. “Allen Office Center is also home to two quality, credit-worthy, publicly traded companies – Frontier Communications Corporation, Allen’s fifth largest employer; and Micron Technology.”

Built in 1998, this two-story, high-tech office building features a spacious lobby, high-quality finishes and 10-foot ceiling heights. Additionally, the building’s 57,600 square foot floorplates and high parking ratio provide higher building efficiencies and lower fixed costs.
 


www.gladstonecompanies.com
 

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