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Hangover Disposition Continues with 49K-SF Sale
Arlington, TX-based Hangover Opportunity Fund sold the 48,898-square-foot Atrium West office building in Fort Worth to Aberfeldy Properties Inc. of Illinois. The sale is part of an ongoing disposition of the fund’s 21-property portfolio, which was acquired on the value-add market, renovated, then offered for resale. The sales price was not disclosed.
The three-story Class B Atrium West, at 8851 Camp Bowie West, was 93% leased at the time of sale. Theron Bryant and Joe Hamilton of Coldwell Banker Commercial Advisors DFW represented the seller of record, The Atrium Remains the Same. Skywalker Partners is the sponsor of Hangover Opportunity Fund.
The Hangover fund acquired the 3.5-acre Atrium West in June 2013 in partnership with the Caffey Group, which has its headquarters office in the building. The city of Fort Worth is the project’s largest tenant with 16,741 square feet, the entire third floor. Eight buildings remain in the portfolio.
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- ◦Sale/Acquisition
