Frost Bank has sold one of the few remaining developable sites in the Great Southwest Mark IV Industrial Park in north Fort Worth.
The 3.4-acre tract at 2500 Great Southwest Parkway is zoned heavy industrial and has all utilities in place, factors that drew offers from a number of users familiar with the park’s prime location close to North Freeway and Interstate 35W. LD Texas Investments LLC had the winning proposal.
“This buyer stood out for his terms in pricing and timing. From listing to closing, it took only four months to sell at market value,” said Wayne Burgdorf, associate broker and vice president of Coldwell Banker Commercial Advisors DFW in Arlington.
The site is located 500 feet from North Freeway. It also has 278 feet of frontage along Great Southwest Parkway, facing Northeast Freeway. Large office/warehouses dot the developed sites of the 1,000-acre Mark IV Industrial Park, which is positioned midway between Alliance and Meacham airports.
“The buyer took it as-is. It is what it is – a ready-to-go development site inside the loop,” said Burgdorf, who enabled Frost Bank to clear its books of a foreclosed commercial property.
Marty Rader of DFW Realty Partners represented the buyer.