Fort Worth apartment complexes sold to local investors

Posted Monday, May. 27, 2013  comments  Print Reprints
A

Have more to add? News tip? Tell us

Fort Worth-based Panther FW Investments, a private real estate investment firm, has bought a two-property, multifamily portfolio in Fort Worth.

The deal includes 528 units in the two communities — Bent Tree and Country Place — at the southeast corner of Interstate 30 and Loop 820 along Normandale Street. The properties were built in 1985 and 1986, respectively.

A purchase price was not disclosed. Panther said it plans to push rents to current market rates while upgrading the units.

More construction jobs

Construction employment in April rose 7.1 percent statewide, and Texas was among 29 states to add construction-related jobs in the last year, the Associated General Contractors of America said recently.

In April, construction employment declined in 32 states and the District of Columbia, because of federal construction spending cuts and weak private sector demand, the trade group said.

California added the most new construction jobs over the past 12 months, 44,800, followed by Texas with 41,500. Illinois had the largest decline, 7,900 jobs.

Transactions

722-724 N. Great Southwest Parkway, Arlington

Hendon Dental Supplies has leased 6,000 square feet of industrial space from ESCO Enterprises. Joe Santaularia and Will Dillard of Bradford Commercial Real Estate Services represented the tenant. Jim Hazard of Transwestern represented the landlord.

5501 Thelin St., Fort Worth

Stewart Delivery Services has leased 10,950 square feet in the Conti Warehouses. Sylvia Pell of Pell Realty Group represented the tenant.

2320 Cullen St., Fort Worth

H2E2 LLC has bought 20,000 square feet of industrial space. Grant Huff, Sarah Everett, Jerry Alexander and Todd Hawpe of Transwestern represented the buyer.

South Hulen Street and Bellaire Drive, Fort Worth

Wild Bird Center has leased 2,330 square feet in the Trinity Commons Shopping Center, owned by Brixmor Property Group. Michael Watson of Brixmor negotiated the lease.

860 Thousand Oaks, Hurst

South Bowie Investments Partners has bought 1.2 acres from Hurst Group LLC and plans to build a 10,000-square-foot retail building. Sylvia Pell of Pell Realty negotiated the sale.

2485 E. Southlake Blvd., Southlake

Sente Mortgage has leased 4,000 square feet of office space. Sylvia Pell of Pell Realty Group represented the landlord, Parkway Commercial Realty.

8200 Tumbleweed Trail, White Settlement

Fred James Bane Jr. has bought the Horizon Hope church facilities. Gene Livens of Service Realty represented the seller. Jay Searcy of Tailwind Real Estate represented the buyer.

Looking for comments?

We welcome your comments on this story, but please be civil. Do not use profanity, hate speech, threats, personal abuse, images, internet links or any device to draw undue attention. Our policy requires those wishing to post here to use their real identity.

Our commenting policy | Facebook commenting FAQ | Why Facebook?