« BNSF to spend $199 million on Texas projects this year | Main | Fort Worth hospital plans new emergency center »

05/29/2012

Southwest FW office complex, Overton Centre, sold

FORT WORTH — Less than two years after buying the three-building Overton Centre in southwest Fort Worth, a subsidiary of Holt Lunsford Commercial has the property to TLCUrban.

The 447,917-square-foot property was 93 percent leased at the time of the sale. Terms of the deal were not disclosed.

Frontier Equity, an Addison-based real estate investment firm, and a part of Holt Lunsford, bought the property in July 2010. It was one of Tarrant County’s largest commercial real estate deals that year. At that time, the building was 85 percent leased.

Overton Centre is a middle-tier, multitenant office complex that consists of two nine-story office buildings and computer center on 24.5 acres off Hulen Street, just north of Interstate 20.

General Electric Credit Equities sold the property to the Holt Lunsford group. GE Credit has held the property since February 2009, when it foreclosed on the previous owners, an investor group in Dallas.

Gary Carr, Russell Ingrum, Eric Mackey, and Robert Hill of CBRE represented the seller.

_ Sandra Baker

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c2cc953ef016766e93670970b

Listed below are links to weblogs that reference Southwest FW office complex, Overton Centre, sold :

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

-->

Category Cloud

Blog powered by TypePad
Member since 01/2007