46.4 F
Fort Worth
Tuesday, April 20, 2021

Katy Depot building sold

JLL announced the sale May 28 of the Katy Depot near downtown Fort Worth. The purchaser is a medical company who plans to renovate the 23,413-square-foot former freight depot.

JLL’s Joel St. John and Ryan Matthews represented the seller Besco Supply, a family-owned masonry and building supply company, in the sale. NAI Robert Lynn’s Todd Hubbard represented the buyer. Acquisition financing was provided by PlainsCapital Bank.

“Our Fort Worth Medical District is a huge driver for our local economy, generating new business opportunities within our region,” said St. John. “This provided a terrific disposition opportunity for Besco as this historic property is now set to play a new role in Fort Worth’s future under new ownership.”

Built in 1909, the Katy Depot was originally designed as a freight depot for the Katy Railroad which connected Missouri, Kansas and Texas. It served as a builder’s supply house from 1996 until Besco relocated to larger facility at 3521 Hemphill Street last year.

Get our email updates

Related Articles

Our Digital Sponsors

Stay Connected

7,445FansLike
1,942FollowersFollow
11,834FollowersFollow
93SubscribersSubscribe

Join Our Newsletter

Latest Articles