SALES
NAI Robert Lynn has completed the disposition of nearly all 160 acres on behalf of Hunt Realty Investments’ 1,150-acre development known as Fossil Creek, the broker announced Dec. 5.
Located at the northeast corner of Interstate 35 and Loop 820 in Fort Worth, the Fossil Creek land disposition is composed of multiple tracts that are mixed use for residential, retail, commercial, office and industrial uses. Todd Hubbard, Jon McDaniel and Bobby Montgomery of NAI Robert Lynn brokered the multiple sales on behalf of Hunt Realty Investments.
“The multitude and variety of land acquisitions is a testament to the explosive urban development in north Fort Worth,” said Hubbard, president of Fort Worth for NAI Robert Lynn. “Fossil Creek was one of the first master-planned developments in this area. The location speaks for itself, but the improvement of the highway infrastructure and the explosive growth toward Alliance has made this an outstanding infill opportunity for residential, industrial, office and hotel development to support the transformation we have witnessed in recent years.”
NAI Robert Lynn brokered the land dispositions of the Fossil Creek development for three years working with Hunt Realty Investments. There were 10 separate sales, which resulted in a large residential development, several headquarter relocations, hotel sites, and five Class A industrial sites. The industrial sites include two distribution centers with three more on the way. Only six of the original 160 acres remain for sale.
“We are pleased to work with NAI Robert Lynn on the successful dispositions within the Fossil Creek development, and we look forward to continuing our partnership on future transactions,” said Todd Watson, senior vice president of Hunt Realty Investments. “Hunt began acquiring the land that is now known as Fossil Creek roughly 30 years ago. Today, Fossil Creek is home to a number of corporate citizens including Bank of America, Coca-Cola Bottling Co., State Farm and Haggar Clothing.”
Roger Smeltzer and Gloria Castilleja, broker and agent at Vision Commercial and CMT Realty, respectively, have completed sale negotiations at 3130 Eagle Ranch Blvd. in Fort Worth. This Car Wash will move into the building. The lessee, Barbara Womack, was represented by CMT Realty, and Vision Properties Inc. by Vision Commercial.
The Winewood Grill, located at the intersection of State Highways 114 and 121 in Grapevine, has been sold to a private investor from the Dallas-Fort Worth area. The property, part of a four-restaurant development, has a long-term absolute net lease in place. STRIVE represented the seller, a local Dallas investor, and also sourced the buyer.
LEASES
Woodcrest Capital has secured a new 17,587-square-foot anchor tenant, Bio Life Plasma, at Rufe Snow Village in North Richland Hills. Taylor Marks represented the landlord.
Send to Wellness is the newest tenant at Tarrant Parkway Plaza, a center owned by Woodcrest Capital in Fort Worth.
Send real deals to Robert Francis at rfrancis@bizpress.net.
