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05/05/2014

Jetta Operating looking at new quarters in downtown Fort Worth

Anthracite Realty Partners, a real estate development firm owned by Jetta Operating President Greg Bird, has agreed to buy a downtown lot from The Fort Worth Club for an office building that would serve as Jetta's new headquarters. The energy producer has had offices in the Fort Worth Club Building since 1991. The property, now a parking lot, is three-quarters of a block bounded by Taylor and Lamar streets on the east and west, and by Sixth and Fifth streets on the north and south. FWC bought the property from the Star-Telegram in 2008. The sale is expected to close by the end of June pending due-diligence review. Terms were not disclosed. Bennett Benner Partners, a Fort Worth architectural firm, will handle the review and initial planning. The building under consideration would include some retail space and also a parking garage.

"Fort Worth has always been Jetta's home, and we are delighted about the potential of this new downtown Fort Worth development," Bird said in a prepared release, which said the intent is to develop a Class A multiuse office building. The release also quotes FWC President Tim Carter as saying the club "is excited about this opportunity to be able to provide our members, tenants and guests with access to additional secure and convenient covered parking." FWC already owns a 300-space parking garage attached to its building at 306 W. Seventh St.

-- Jim Fuquay

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