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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Heating up: West Lancaster corridor projects moving forward

West Lancaster Avenue through downtown Fort Worth is heating up, with planners envisioning a lively mixed-use corridor that extends the central business district further south.

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Susan Halsey, Fort Worth attorney, business leader, dies

Susan Halsey, a Fort Worth attorney who was also a community and business leader, died on Friday, Dec. 19. Halsey, 55, was chairman for the Fort Worth Chamber of Commerce in 2013-2014, leading the chamber during a year

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Real Deals: Daniel-Meyer renovation moves forward

 

The 52-year-old Daniel-Meyer Coliseum’s $59 million renovation is getting closer and HKS Inc. of Dallas, the architect of record for the project, has released several new renderings.
The Texas Christian University Board of Trustees has approved the renovation.
The planned facade for the coliseum would architecturally complement Amon G. Carter Stadium and the TCU campus, overall, bringing it to the neo-classical beaux-arts style, according to descriptions provided by the university. The interior would have a lower playing surface to increase courtside seating and provide a more intimate atmosphere. Wider concourses and multiple public entries would ease congestion. Concession stands and restrooms also would be upgraded. A new courtside club lounge would be built on floor level.
The men’s and women’s basketball programs would get new locker rooms and team meeting rooms as well as a larger sports medicine center. There also would be new locker rooms for visiting teams.
Additional features of the proposed coliseum redo are a TCU Athletics Hall of Fame display on the concourse level, offices for Olympic sports and administration and a larger main ticket office to support both the coliseum and Amon G. Carter Stadium.
The facade of Daniel-Meyer Coliseum would complement the adjacent football stadium, which underwent a $164 million rebuild completed before the 2012 season, the school’s first as a member of the Big 12 conference.
TCU Board of Trustees member Ed Schollmaier is former president and CEO of Alcon Laboratories. He and his wife, Rae, donated $5 million to build the Ed and Rae Schollmaier Basketball Complex at TCU, which opened in 2004 and made the lead commitment of $10 million for the renovation.
– Robert Francis

Chesapeake buys ground leases
Fort Worth investment group 111 Realty Investors LP has sold ground leases to Chesapeake Energy on about 400 acres in the Barnett Shale.
HFF announced that it has closed the sale of a ground lease of 106 urban natural gas drilling sites located in the Barnett Shale in North Texas, in Tarrant, Johnson, Ellis and Dallas counties.
HFF marketed the sites on behalf of the seller, 111 Realty Investor, and procured the buyer.
No details of the deal were announced.
The HFF team representing the seller was led by senior managing director Mark West and managing director Coler Yoakam. HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF Inc. (NYSE: HF).
– Betty Dillard

SkyWalker goes antique shopping
A former Arlington antique mall has been purchased by SkyWalker Property Partners, marking its ninth acquisition this year and its latest for Hangover Opportunity Fund LLC.
A prospective tenant backed out before the deal closed, prompting Arlington-based SkyWalker and its affiliate, SCM Real Estate Services, to seek another occupant for the 41,680-square-foot, single-story building at 1715 E. Lamar Blvd.
The vacant antique mall was acquired from Iskander & Sons Inc. of Dubai, UAE.
“We think it would be great if we could find an entertainment user or a school. There aren’t a lot of big box spaces with that kind of parking in this area,” said Renee Efimoff of SCM Real Estate Services, commenting in a news release.
Serving as leasing agents in the deal were Efimoff and colleague Chris Mendez.
Iskander & Sons has owned the building, developed in 1984, since June 1989. Representing the seller was Mike Nix of ReMax Associates Commercial in Arlington.

SourceHOV consolidates
SourceHOV, a worldwide provider of transaction processing solutions, consulting and data analytics services, has leased a new 70,000-square-foot global headquarters space in Coppell.
The move comes as the company consolidates its North Texas business units and relocates its headquarters from Dallas to Coppell’s Business Park at 615 Freeport Parkway. Also operating sizable facilities in the area are Amazon.com and The Container Store.
SourceHOV plans to keep its offices in Fort Worth. It has more than 80 locations throughout the United States, as well as a presence in Canada, China, India, Mexico and the Philippines.
SourceHOV began seeking new space almost two years ago when the Texas Department of Transportation announced an expansion of State Highway 183, which would take away the firm’s Irving production facility by eminent domain, said Dolores Wood-Euart, CBRE Group Inc. vice president, commenting in a news release.
Wood-Euart represented the firm in lease negotiations.
SourceHOV plans to vacate 8,700 square feet in Southlake and 70,000 square feet in Irving this month. The 34,105-square-foot global headquarters in Dallas will follow in early 2014.
“The relocation allows SourceHOV to right-size its operations based on functional requirements and current needs for office, production and warehouse space,” said Wood-Euart in a news release.
CBRE is helping the firm find an additional 200,000-square-foot warehouse facility to further support client requirements. Offices being vacated for the consolidation are currently available for sublease, with CBRE hired to market the properties.
Randy Wood, with Duke Realty, represented the landlord, Texas Dugan Limited Partnership.

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