FORT WORTH -- The building that houses the Southwest Region Records Center in Fort Worth has been sold to a Virginia-based real estate investment trust.
Gladstone Commercial Corp. said it paid $20 million to buy the facility, with more than 205,000 square feet, at 1400 John Burgess Dr. from K/H Lakewood Property, a limited partnership of Kessinger/Hunter & Co., in Kansas City, Mo.K/H Lakewood developed the building for the National Archives and Records Administration. The Southwest Region Records Center moved into it in 2006. The federal government has a 20-year lease, which expires in October 2026. The building sits on 14.4 acres in the Carter Industrial Park.The facility, east of Interstate 35W off Everman Parkway, stores federal records for agencies in Texas, Arkansas, Louisiana and Oklahoma, including U.S. district and bankruptcy courts and Internal Revenue Service documents.Gladstone Commercial said it currently owns 79 properties.Sandra Baker, 817-390-7727Twitter: @SandraBakerFWSTHave more to add? News tip? Tell us
