Downtown Fort Worth leads DFW in energy-related office tenants

Fort Worth’s central business district has the highest concentration of oil-related office tenants in the Metroplex, according to a CBRE Texas Marketflash released earlier this month.

The commercial brokerage firm said 10 percent of all office tenants in downtown Fort Worth are energy tenants, which includes natural gas companies and oil exploration tenants. It’s the highest percentage in Dallas-Fort Worth. In Dallas’ central business district, 2.3 percent of all office tenants are energy-related, the report said.

The energy industry accounts for 0.9 percent of Dallas-Fort Worth’s employment, and energy tenants represent 2.2 percent of the total occupied office space, CBRE said.

The next highest concentration of energy tenants is in the LBJ Freeway submarket, but it’s at a distant second at 4.4 percent, CBRE said. The lowest percentage of the tenants is in the Mid-Cities market at 0.9 percent.

Dollar Tree set for Pantego

Construction is expected to begin any day on a Dollar Tree store in Westbury Square on Park Row Drive near Bowen Road in Pantego.

The 10,000-square-foot store should be completed in July and open in September, said Brad Bowen, managing partner of Trinity Partners of Texas, a Southlake firm that bought the property in 2010.

In 2013, the owners razed the bulk of the 42-year-old shopping and office center, with the exception of a building at the corner of Park Row Drive and Milby Street. At that time, Trinity Partners sold a tract just east of the Aldi grocery store to Woodhaven National Bank. The bank said it planned a branch location, but a project has not yet started.

The Dollar Tree will go closest to the existing building. Bowen said there is still room for another tenant between the Dollar Tree and the bank property, but one has not yet been found.

Aldi opened its store in 2010.

First Western Title moves to Colleyville

First Western Title Acquisitions has moved its headquarters to Colleyville, where it has had a branch since 2009.

The new location is at 5005 Colleyville Blvd., Suite 160. Six employees joined an existing staff of six professionals in Colleyville, said Marty Weider, Colleyville’s economic development director. The employee-owned company said it expects to add two more employees, he said.

First Western Title Acquisitions is the corporation that bought First Western Title assets from the DuBose family in 2014. First Western Title Acquisitions provides the same title insurance services as First Western Title Co.

First Western Title underwrites title policies on Old Republic National Title Insurance Co., Westcor Land Title Insurance Co., First American Title Insurance Co., Fidelity National Title Insurance Co., Chicago Title Insurance Co. and Commonwealth Land Title Insurance Co.

The company has offices in Fort Worth, Burleson, Arlington and Dallas.

Transactions

2225 E. Randol Mill Road, Arlington

SMI Energy leased 1,602 square feet of office space in Arlington Downs Tower. Erik E. Blais and Richmond Collinsworth of Bradford Commercial represented the landlord.

1831 Brown Blvd., Arlington

Jiffy Tax has leased 1,920 square feet in Ascension Crossing from Van-Texas Properties. Judy Nitzinger of CBC Alliance DFW represented the landlord. John Bailey of the Allan Bailey Group represented the tenant.

5800 W. Interstate 20, Arlington

Veterinary Specialists of North Texas has leased 1,622 square feet from Eye DVM Properties. Beaux Riley of CBC Alliance DFW represented the landlord.

1901 N. Texas 360, Grand Prairie

Reed's ATR Enterprises leased 1,606 square feet of office space in Tower 360 from Capital Commercial Investments. Melanie Hughes, Sharon Friedberg and Erik E. Blais of Bradford Commercial represented the landlord. Peter Butler of Stream Realty Partners represented the tenant.

This story was originally published February 15, 2015 at 3:42 PM with the headline "Downtown Fort Worth leads DFW in energy-related office tenants."