One Ridgmar Centre, a 10-story Class A office building at 6500 W. Freeway, has been sold to Addison-based Frontier Equity for an undisclosed amount.
Transwestern announced today it represented Navstar Commercial in the sale of the 177,199-square-foot building. Transwestern Managing Director Steve Simon and Senior Vice President Steve Rowland represented the seller in the transaction.
“One Ridgmar Centre proved to be a highly sought-after property receiving multiple offers on the sale,” said Simon. “This robust activity is representative of the increased level of investor interest in the Fort Worth office market.”
One Ridgmar Centre was 89 percent occupied at the time of sale, with rents at 10 to 15 percent below market rate.