Join The Discussion

 

Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

read more >

Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

read more >

Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

read more >

Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

read more >

Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

read more >

 

Sinclair Building sold

Interior of Sinclair Building. Photo by A. Lee Graham

Sinclair Building. Photo by Alyson Peyton Perkins

A. Lee Graham
Reporter

One of downtown Fort Worth’s most visually striking buildings has sold, with the Sinclair Building now owned by a group of local investors.

“I’m not at liberty to say who they are,” said Nicholas Pappas, a Fort Worth attorney who represented Sinclair Holdings LLC, the investors’ group, in the transaction.

Selling the property was The Sinclair Building Partners LP, an investment group headed by Ken Jaffe, Allyson Baumeister and Rick Baumeister that purchased the building in September 2006.

The purchase price for the latest transaction was not disclosed, but the 512 Main St. property is valued at $5.8 million, according to the Tarrant Appraisal District.

The deal closed on Friday Dec. 13 with a deed expected to be filed in coming weeks, Pappas said.

The 16-story structure, on the northwest corner of Main and Fifth streets, was built in 1930 and reflects the Art Deco architecture of the time. Designed by Wiley G. Clarkson and built by Harry B. Friedman, it underwent a 1990 restoration that transformed the lobby into a virtual museum, with display cases containing salvaged artifacts, as well as photographs taken before and after the restoration.

Original plans to name the building the Dulaney Building, after its then-owner, changed to reflect Sinclair Oil Co., its main tenant.

lgraham@bizpress.net

 

< back

Email   email
hide
Catch
How 'bout them Cowboys?