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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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Western Place towers in Fort Worth sold
A. Lee Graham

Reporter

Colliers International North Texas has sold Western Place I and II, two Class B office towers in southwest Fort Worth.

Tower I boasts 11 stories, with the second tower at 10 stories.

Among tower tenants are Lockheed Martin Corp. and BAE Systems. Serving as brokers in the transaction were Creighton Stark, Mark McEwen and Ben Lurie of Colliers International’s Capital Markets Group.

With a combined 427,000 square feet, Western Place I and II are at 6000 and 6100 Western Place, fronting Interstate 30. Sovereign Capital was the seller, and Fort Worth-based TLC Urban was the buyer.

“This was a complicated transaction which required the assumption of a CMBS loan,” said Creighton Stark in a news release. “We were grateful to have worked with such a sophisticated buyer, TLC Urban, which was able to get the deal done.”

Stark described South Fort Worth as one of Dallas-Fort Worth’s best-performing submarkets, with Lurie pointing to its vacancy rate of 6.8 percent compared to 14.8 percent for the overall Metroplex area.

Colliers International’s Dallas Capital Markets Group has more than 55 years of collective capital markets experience. Globally, Colliers International has more than 13,500 professionals operating out of 482 offices in 62 countries.

More information is available at www.colliers.com.

lgraham@bizpress.net

 

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