A West Texas owner ended its 15-year hold on Beach Street Business Park, an 11-building, multitenant, flex/industrial business park at 3701 N. Beach St. in Fort Worth. The 69,400-square-foot property was 100% occupied at the time of the sale.
The business park delivered in 2004, and generated multiple competing offers, due to the demand for industrial and flex business parks. “Investors from all over the country are trying to acquire this type of product in the Dallas-Fort Worth area,” said Cody Payne with Marcus & Millichap, who led the team in brokering the sale between H I W Ltd. of Amarillo, TX and the local buyer.
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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