57.1 F
Fort Worth
Sunday, October 25, 2020
Business Downtown Fort Worth landmark goes on the market

Downtown Fort Worth landmark goes on the market

Other News

Early vote total exceeds 2016; GOP chips at Dems’ advantage

By NICHOLAS RICCARDI and ANGELIKI KASTANIS Associated PressWith nine days before Election Day, more people already have cast ballots in this year's...

Ehlinger helps Texas beat Baylor 27-16 to end skid

By JIM VERTUNO AP Sports WriterAUSTIN, Texas (AP) — Sam Ehlinger passed for an early touchdown, then ran for two more in...

Who killed Sweden’s prime minister? 1986 assassination of Olof Palme is finally solved – maybe

Andrew Nestingen, University of Washington It took 34 years,...

An epidemiologist explains the new CDC guidance on 15 minutes of exposure and what it means for you

Ryan Malosh, University of Michigan The Centers for Disease...

One of Downtown Fort Worth’s signature buildings is on the market.

Burnett Plaza, a 40-story, 1.1 million square foot, Class A office tower and parking garage, is being offered by Jones Lange LaSalle.

The building, at 801 Cherry St. is the city’s tallest at 567 feet, opened in 1983 and was designed by Sikes, Jennings, & Kelly Architects from Houston and Fort Worth’s Geren Associates.
The building received theBOMA 2014 International Building of the Year. The  Building Owners and Managers Association (BOMA) award recognizes quality in buildings and rewards excellence in building management, according to the award announcement. Burnett Plaza is owned by Dallas-based TIER REIT and managed by Behringer, according to the announcement and Tarrant Appraisal District records which indicates the firm has owned the building since 2005.  

Key companies in the building include Freese & Nichols, Americredit, Huckabee and Basic Energy. The tenant lineup in the building has an average remaining term of 7.9 years. The building offers in-place office rents of $25 per square foot Plus E, which is 4% below market rates of $26.00 PSF Plus E, according to the JLL flyer on the building.

JLL is offering an additional 1.38 acre adjacent site that could be used for development of a residential tower, hotel or additional office parking.  

Latest News

Best Maid can put you in a pickle store

Fort Worth's Best Main can put you in a pickle – a pickle store, that is. Friday, Fort Worth’s...

Facebook Data Center honored with Vandergriff Award

The Facebook Data Center was honored with the annual Fort Worth Chamber of Commerce’s Vandergriff Award at the Chamber’s 10th Annual State...

US airlines still piling up losses but say demand is rising

By DAVID KOENIG AP Airlines WriterDALLAS (AP) — Airlines are piling up billions of dollars in additional losses as the pandemic chokes...

Real Estate: Office still a question mark as industrial remains strong in 3Q

The Dallas-Fort Worth area is a leading area around the country in terms of office occupancy, but there remain plenty of employees...

Texas housing market rebounds in September along with U.S.

Texas’ housing market rebounded in September as homebuyers rushed to take advantage of historically low mortgage rates. Existing homes sold through Texas...