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Saturday, October 24, 2020
Real Estate Real Deals: ARLINGTON RETAIL CENTER SOLD

Real Deals: ARLINGTON RETAIL CENTER SOLD

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ARLINGTON RETAIL CENTER SOLD

Arkansas Square, a 30,255-square-foot neighborhood shopping center located at the intersection of Arkansas Lane and Park Spring Boulevard in Arlington, has been sold. Sam House of STRIVE, a Dallas-based commercial real estate investment sales firm, represented the seller, a California investor, and also secured the buyer, a Dallas-Fort Worth investor.

COMPASS OPENING FW OFFICE AT CLEARFORK BY SUMMER

Compass, a real estate technology company based in New York, is opening its permanent Fort Worth office at The Shops at Clearfork.

The 12,000-square-foot space is under construction and the company’s 30 Fort Worth agents will move in by this summer. He new office will have room to triple the number of agents by the end of the year.

“We are combining Compass’ best-in-class data and technology with Fort Worth’s down-home feel to elevate the client experience,” said Erik Bahr, general manager for Compass DFW. “This office will be uniquely Fort Worth. All of our agents have been in the community for decades and understand the market and culture.”

Agents of the Fort Worth office include John Zimmerman, who’s been ranked the number one agent in Fort Worth for five years, top Fort Worth Realtor Sharon Crockett and Walt Huffman, a life-long Fort Worth resident.

“Our philosophy is to let agents do what they do best, build relationships,” said Bahr. “When they have the tools and technology to focus on selling and serving, that only improves the client experience.”

Compass entered the North Texas market in early 2018. Its differentiators include providing agents with comprehensive marketing support, access to a wide-reaching network of agents across the country, and its proprietary technology platform.

Compass has seen large investments from venture capital firms that like its technology push into real estate. It had previously said it had a goal of amassing 20 percent market share in the top 20 markets in the United States by 2020. It has done that by either acquisition – such as Pacific Union International in California – or by attracting top agents.

But New York-based Compass officials have said they are slowing down the acquisition and expansion in 2019, according to several reports.

Send real deals to Robert Francis at rfrancis@bizpress.net.

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