Trust group buys 415 acres in west Fort Worth

Posted Monday, Mar. 18, 2013  comments  Print Reprints

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A group of more than 225 investors, all recorded as individual revocable trusts from Singapore, has bought 415 acres at White Settlement Road and Silver Ridge Boulevard in west Fort Worth, according to deed records.

The land was sold in early February by Windridge A2A Developments, a unit of A2A Capital Management of Singapore. A2A marketed the land as The Hills of Windridge on its website. Plans call for building 1,271 homes by 2017, it said.

An additional 23 acres were sold to Pearl Developments, another unit of A2A, according to deed records.

The land was first sold in September by the Briscoe Clark Co. development firm in Dallas, which has held it since October 2006, to A2A Capital.

Jeff Peterson, an A2A executive in Flower Mound, could not be reached for comment on plans for the development.

TCU-area project sold

Dallas-based Inland American Communities, a subsidiary of Inland American Real Estate Trust, has bought the VUE, a student housing property a block south of Texas Christian University on University Drive.

The four-story building with 68 apartments opened 100 percent leased in August. The property includes 6,000 square feet of retail space that is under construction and is expected to open this spring.

The VUE will be rebranded as a University House community, Inland American said.

Inland American Communities is a development, acquisition and management firm of communities in university markets nationwide.

New store on W. 7th

Sleep Experts has leased space next to Freebirds World Burrito at the northeast corner of West Seventh and Foch street, developer Cypress Equities said.

The 3,035-square-foot store is expected to open in May. It will be Sleep Experts' third Fort Worth location.

Bryan Cornelius and Dave Carter of Venture Commercial represented Sleep Experts. Karly Kilroy of Cypress Equities provided in-house representation.


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