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02/21/2013

Dallas developer buys 27 acres along FW's West Seventh Street

Dallas-based developer Centergy Retail has bought about 27 acres on the bustling West Seventh Street near Trinity Park from Chesapeake Land Development Co. and has plans to develop the property.

Chesapeake, a part of Chesapeake Energy co., assembled various parcels in 2007 and 2008. A 4-acre tract was once the location of the Bankston Collision Center and was sold to Chesapeake by Hillard Auto Group.

The land is just east of Montgomery Plaza and includes parcels along Stayton and Sixth streets, and between Fifth Street on the south, Kansas Street on the north, Harold Street on the west and Greenleaf Street on the east. "The new owner is keenly aware that this property is a vital link between downtown Fort Worth and the Cultural District," said Julie Wilson, Chesapeake’s vice president of urban development in Fort Worth.

The land is currently serving as a staging area for the new 7th Street bridge fabrication. Wilson said the new owner will continue to allow that.

Centergy has developed shopping center, including in El Paso, according to its website.

_ Sandra Baker

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