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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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Fort Worth firm acquires European warehouse group

Have  you ever wondered what a European warehouse looks like? This is apparently it. 

Photo courtesy of TPG, Ivanhoe. 

Fort Worth-based TPG, a global private investment firm, and a partner Ivanhoé Cambridge of Montreal, a large real estate company, have acquired PointPark Properties (P3) from Arcapita, an international investment company headquartered in Bahrain.


As part of the transaction, the investors will also commit additional capital to strengthen P3′s balance sheet and to provide support for future growth.
P3, located in the Czech Republic, is a specialist investor, developer and asset manager of warehouse properties, providing services to logistics, retail, automotive and electronics manufacturing companies. The real estate assets consist of 48 warehouses and a land bank allowing for the development of additional warehouse space across Europe.


“P3 is a leading, full-service logistics platform with a high-quality portfolio of warehouse assets located in Europe’s core distribution hubs,” said Anand Tejani, TPG Partner, in a news release. “P3 is well-positioned to benefit from the positive macro trends driving the current growth in occupational demand for European logistics space.”


TPG Real Estate is the real estate platform of TPG, a global private investment firm founded in 1992 with $55.3 billion of assets under management.
 

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