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177K-SF One Ridgmar Centre Sells to Frontier Equity

One Ridgmar Centre, a Class B office building on Fort Worth’s southwest side, sold to Frontier Equity LLC, which is headquartered in Addison, TX. Irving, TX-based NavStar Commercial LLC sold the 177,199-square-foot asset at 6500 W. Freeway for an undisclosed price. The property is valued at $20.1 million. Steve Simon and Steve Rowland with Transwestern represented the seller in the transaction.

The 1980s property was 89% occupied at the time of sale, with rents at 10%-15% below market rate. “One Ridgmar Centre proved to be a highly sought-after property receiving multiple offers on the sale,” said Simon. “This robust activity is representative of the increased level of investor interest in the Fort Worth office market.”

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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