FORT WORTH — A Boston-based, privately held real estate fund manager has bought the huge Northern Crossing Business Park in north Fort Worth.GID, or General Investment & Development Corp., through its Windsor investment partnership bought the four-building, 408,850-square-foot property at the southeast corner of Interstate 35W and Loop 820. The seller is a partnership of Dallas-based TIG Real Estate Services and ING Clarion Partners.TIG and ING started building the business park in 2007 after buying about 100 acres of land from a Shawnee, Okla., investment group. John Walsh, president and founder of TIG, said the property was about 95 percent leased at the time of the sale in September. The plan was to sell the property after about 2 1/2 years, but that was sidetracked by the recession, Walsh said.GID also owns The Cascades, a six-building, 200,000-square-foot industrial development on 18 acres at Texas 121 and Morningstar Drive in Dallas, as well as four apartment communities, including the Windsor at Turtle Creek.GID was founded in 1960 and employs more than 600 real estate professionals in multiple offices throughout the United States. GID said it controls a real estate portfolio consisting of 86 properties in 16 states, and totaling more than 18 million square feet.
Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST