City Place, a 550,900-square-foot mixed-use asset located at 100-300 Throckmorton St. in Fort Worth, is currently being marketed for sale. The property is 78 percent leased to a diverse base of credit-worthy tenants.

City Place was originally developed in 1976 as the Tandy Center and served as a mixed-use town center and the headquarters for RadioShack until 2005. Between 2008 and 2014, City Place was completely renovated and redeveloped, transforming the landmark into a work-play destination. Current ownership has also completed capital and tenant improvements totaling more than $20 million in the last decade.

City Place is made up of One and Two City Place high-rise towers and City Place Center comprising eight levels of parking along with ground-level retail and restaurant space. On-site amenities include five restaurants, two fitness centers, a conference center and a separately owned Aloft Hotel located on floors 8 through 13 of One City Place.

Spanning four city blocks, the iconic property is adjacent to Sundance Square. City Place is walkable to Bass Performance Hall, the Convention Center, and more than 100 shops and restaurants.

Newmark’s John Alvarado, Gary Carr, Robert Hill and Chris Murphy are representing the seller. Chase Tagen and Mary Claire Houseman are providing transaction support.

“City Place is a rare and well-timed opportunity for investors to acquire a critical mass of institutional-quality product within one of the nation’s most vibrant and walkable urban centers,” said Alvarado.