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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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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Ex-Cowboy councilman Murrin buys Fort Worth Stockyards site

By Scott Nishimura
snishimura@bizpress.net

Businessman Steve Murrin closed this week on the purchase of 9.3 acres in the Fort Worth Stockyards from the Chesapeake Land Development Co. entity of Chesapeake Energy.

The 600 N.E. 23rd St. property, on the east side of Murrin’s River Ranch Stockyards event venue, crosses Marine Creek on its south end. Murrin’s Steve Murrin, Jr. Grandchildren’s Trust purchased the site.

Murrin, a former Fort Worth City Councilman who confirmed earlier this summer to The Business Press that he had the site under contract, said Wednesday he had no immediate plans for it, other than parking for River Ranch and “maybe put some Longhorns, some horses on it.”

“Like any Texan, all we want is the land next door,” Murrin, who spoke by phone from a mountain 9,000 feet up in Colorado, said.

Chesapeake has been selling property. A Chesapeake entity reportedly is selling its office tower in downtown Fort Worth to Hines, a Houston real estate firm. Chesapeake Land Development has another Stockyards site at 400 E. Exchange Street on top of the hill under contract to be sold.

Terms of the sale of the Northeast 23rd site, which closed Aug. 4, weren’t disclosed. Chesapeake had marketed the property for $2.50 per foot, or about $1 million.

Besides its adjacency to River Ranch, Murrin said the site is attractive because of it crosses Marine Creek and potentially engages with the Trinity River Vision plan.

That “is significant in the long run, if we get the Trinity River Vision complete,” Murrin said.

HGC Commercial represents Chesapeake on both Stockyards sites, with Eric Walsh representing HGC. The buyer’s broker on the Northeast 23rd site is undisclosed.

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