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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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Energy Transfer buying Susser Hldgs in $1.8B deal

DALLAS (AP) — Energy Transfer Partners LP is buying Susser Holdings Corp., an operator of convenience stores that sell gas, in a deal valued at about $1.8 billion.

Energy Transfer bought Sunoco Inc. for about $5.5 billion in 2012. The company said that adding Corpus Christi-based Susser to Sunoco's more than 5,000 retail stores —which are mostly on the East Coast — will expand Sunoco's geographic reach. Susser operates 630 Stripes and Sac-N-Pac convenience stores in New Mexico, Oklahoma and Texas.

Susser shareholders will choose either $80.25 in cash, 1.4506 Energy Transfer common units, or a combination of both for each share held.

The transaction will give Energy Transfer ownership of the general partner interest and incentive distribution rights in Susser Petroleum Partners LP, about 11 million Susser Petroleum common units and Susser Holdings' retail operations.

Energy Transfer anticipates more than $70 million in annual savings and foresees the possibility of additional savings.

Sunoco President and CEO Bob Owens will take on those roles for the combines businesses. He will report to Energy Transfer Chairman and CEO Kelcy Warren. Sam Susser will remain chairman of Susser Petroleum, which will continue to be based in Houston and trade on the New York Stock Exchange.

The deal, which was unanimously approved by Susser Holdings and Energy Transfer's boards, is targeted to close in the third quarter. It still needs approval from Susser Holdings' shareholders.
 

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