Magnolia gateway building acquired

Southside Magnolia Partners has acquired the building at the entryway of Fort Worth’s historic Southside district, 701 W. Magnolia Ave.

Located on the southwest corner of Magnolia and Hemphill Street, the structure is the former home of Fort Worth National Bank. It currently serves as a mixed-use facility featuring residential living, casual dining, retail and office space. Anchor tenants include Southside Bank and Shinjuku Station.

About 4,000 square feet is available for restaurant or retail, as well as five lofts on the second floor.

“What initially attracted me to this building was the location and architecture of the area,” said Will Martin, managing partner, Southside Magnolia Partners, commenting in a news release.

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“This is a historic part of Fort Worth with a cool vibe, and we see potential for a high-profile business to locate to the prime entry corner space,” Martin said.

Martin and the Southside Magnolia Partners plan what call “light restoration” planned for the space, but parts of the building still have original architectural features including exposed brick, hardwood floors and spectacular views of downtown.

W. Martin and Co. represented the buyers, with Grant Huff of Transwestern representing the seller.