FORT WORTH -- It has taken more than a decade to sell, but a Carrollton-based restaurant group has bought the Lucky Lady Oil property at Northeast 28th Street and Ellis Avenue near the Historic Stockyards.
Sue Palmer, owner of Lucky Lady Oil and a former state legislator, put the company's headquarters up for sale after filing for Chapter 11 reorganization. The company emerged from bankruptcy in 2004. Lucky Lady Oil Co. is an oil jobber, a company that buys oil from major oil companies and sells it to customers.The sale included four buildings totaling 22,791 square feet on a nearly 2-acre tract, said Ted St. Clair, a broker with CASE Commercial Real Estate Partners, which has listed the property since it was put on the block in 2001.RC&C Llc., headed by Ricardo Camarena and Cinthia Mogas, plans to tear down the buildings by the end of the year and build a restaurant, said Jesus Araiza with Armada Commercial Real Estate, who represented RC&C in the deal that closed in mid-June.RC&C operates El Pollo Regio fried chicken restaurants, he said.St. Clair said Lucky Lady will move out of the space by the fall. The company is looking to downsize into space off Blue Mound Road in north Fort Worth, he said.Lucky Lady Oil has been ranked among the Top 500 women-owned businesses in the U.S. by Working Woman magazine. Palmer was elected to the Texas House of Representatives in 1996 and served two terms.Sandra Baker, 817-390-7727Twitter: @SandraBakerFWSTHave more to add? News tip? Tell us
