FTS International puts north Fort Worth building back on market

Posted Monday, Jan. 28, 2013  comments  Print Reprints
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Almost two years after buying a huge, vacant industrial building in north Fort Worth from ConAgra Foods, FTS International, formerly known as Frac Tech Services, has put the building back on the market.

FTS International, a provider of hydraulic fracturing and other services to the oil and gas industry, would only confirm that the building at 4601 Gold Spike Drive in the Railhead Industrial Park is for sale, but would not comment on why the company changed its mind about moving in.

At the time of the sale in 2011, FTS said it was considering the site for a state-of-the-art manufacturing, repair and testing facility.

Natural gas drilling in the Barnett Shale has slowed significantly in the past year and is at its lowest level since 2008.

In November, FTS International reported a 27 percent drop in revenue for the third quarter because demand for its services eroded with lower oil and gas prices and increased competition. The company also changed CEOs.

FTS International, which is based in downtown Fort Worth, bought the 550,000-square-foot building in May 2011 from ConAgra Foods. ConAgra stopped construction on what was to be a manufacturing plant in 2007 when it changed strategies. ConAgra had planned for 400 workers in Fort Worth.

An asking price for the property is not being made public.

The Tarrant Appraisal District has valued the building at $9.4 million for taxing purposes.

FTS has other operational, maintenance, logistical and manufacturing facilities in Fort Worth, Aledo and Cisco. FTS said it employs approximately 3,500 people, including almost 1,100 in Tarrant and Parker counties.

Go West Summit

Fort Worth, we all know, is where the West begins. So why has it taken the Go West Summit 25 years to hold its convention here?

Today, more than 170 international and domestic tour operators, media and more than 280 destination suppliers from the Western U.S. will converge on Fort Worth for a four-day summit at the Fort Worth Convention Center.

Go West Summit is a business-oriented travel trade show selling the American West. Representatives from a 14-state region will be in Fort Worth to meet with international travel buyers and tour operators from around the world, according to the Fort Worth Convention & Visitors Bureau.

Bob Jameson, the CVB's new president and CEO, said Fort Worth is honored to be the first Texas city to host the Go West Summit.

"We are rolling out the red carpet to welcome Go West attendees and give them a true taste of what Fort Worth is known for, being one of the friendliest cities in the world and having the best-preserved Western heritage," he said.

Mary Motsenbocker, Go West Summit president, said the Fort Worth conference will boast the highest buyer attendance in its 25-year history.

"It's about time we came to Texas, and Fort Worth has created a huge element of excitement with our guests," she said.

We agree.

New stores

Some retail news to report.

Whole Earth Provision Co., a Texas retailer specializing in clothing and shoes for travel and adventure, and a line of children's toys, books and clothing, has leased 22,000 square feet at Southlake Town Square, one of three new leases in the popular shopping center.

TruFire Kitchen & Bar has leased 4,100 square feet, and Markham Fine Jewelers has leased 2,277 square feet.

And, Low T Center, which provides treatment of low testosterone in men, today opens a location at 4364 Heritage Trace Parkway, the retailer's eighth local store and 21st nationwide. Mike Sisk from Colleyville is the founder and president of Low T Center.

Sandra Baker, 817-390-7727

sabaker@star-telegram.com

Jim Fuquay, 817-390-7552

jfuquay@star-telegram.com

Barry Shlachter, 817-390-7718

barry@star-telegram.com

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