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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


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