Join The Discussion

 

North Tarrant Express completion date moved up to October

Fort Worth-area commuters can expect the 13.3-mile North Tarrant Express to open in full operation in October, eight months ahead of the original schedule.

read more >

TCU's Neeley School receives $30M donation as part of planned expansion

A $30 million foundation gift to Texas Christian University will help guide a $100 million facility expansion for the Neeley School of Business.

read more >

Left Bank project hits roadblocks on access, traffic

Questions about fire access and traffic are bogging down talks on an economic incentive agreement for the planned, $300 million Left Bank development on the Trinity River at West Seventh Street, Fort Worth officials and the developer acknowledge.

read more >

Mixed-use complex at Fort Worth TRE parking lot could cost $60 million

A design panel proposes two buildings on Trinity Railway Express lot on Near Southside, with a mix of apartments, retail, office and parking, and frontage on West Vickery and views across I-30 and overlooking downtown.

read more >

UPS adding Alliance, McKinney locations and 500 area jobs

UPS said Aug. 21 it will add two new package distribution facilities in the Dallas-Fort Worth area

read more >

 

One City Place gains $41.5M loan

One City Place. 

A.Lee Graham

lgraham@bizpress.net

One City Place has gained a $41.5 million senior loan for recapitalization and lease-up, with PCCP LLC providing Spire Realty Group LP that amount for the vacant, 313,953-square-foot Class A office building in downtown Fort Worth.
Dallas-based Spire owns the 1.2-million-square-foot, three-building development at 300 Throckmorton St. The site includes Two City Place, a sister office building, as well as a retail-parking structure building.


Spire acquired City Place in 2011. Since then, it has invested capital into renovating the property, left vacant and in shell condition by the previous ownership. Built in 1978, the 19-story office tower served as Radio Shack’s headquarters until it vacated the property in 2005.
“The property is best-in-class for the area and has already attracted significant interest from potential tenants,” said Ron Bonneau, vice president of PCCP, commenting in a news release.


Arranging the financing on behalf of Spire were Wally Reid and Corby Chaffin of Holliday Fenoglio Fowler LP offices in Houston.
 

< back

Email   email
hide
Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?