Pate Ranch has been sold to Dallas-based Provident Realty Advisors, a privately held real estate and investment firm that purchased the 468-acre tract along Chisholm Trail Ranch in Southwest Fort Worth.
Chris Harden, Tom Salanty, Kyle Vinson and Kristopher Von Hohn of Cushman & Wakefield represented the seller.
The property, located south of Altamesa Boulevard and between Bryant Irvin Road on the west and the $1.4 billion Chisholm Trail Parkway on the east, has more than a mile of commercial frontage along the 27.6-mile toll road, which extends from downtown Fort Worth south to Cleburne.
“The Pate Ranch is one of those unique properties you don’t see very often,” said Harden, director in Cushman & Wakefield’s Capital Markets Group, commenting in a news release.
“There’s been serious pent-up demand for new development in Southwest Fort Worth, and the Pate property will capture a good share of it immediately due to its prominent location on the Chisholm Trail Parkway and its proximity to major demand generators,” Harden said.
More information is available at www.cushmanwakefield.com.
Provident Realty has several projects in the works in the area.