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Historic Towers Come to Market in Fort Worth
Fort Worth’s 439,801-square-foot Oil & Gas/Star–Telegram Buildings have hit the market. Listed by Younger Partners’ Scot Farber and Tom Strohbehn, the towers give investors the opportunity to acquire two historic buildings in one of the region’s most closely held real estate markets.
Located at 307-309 W. 7th St., the towers are 16 and 19 floors, respectively, and were built between 1929 and 1954. “Located in the thriving Fort Worth CBD adjacent to the renowned Sundance Square, the property presents a compelling combination of stabilized office space and the value-add opportunity to alter an existing use and reposition one of the buildings to mixed-use by including multifamily or hospitality,” said Farber.
Strohbehn added, “With in-place rental rates that are well below market average, the strength of the area office market provides sound upside potential through repositioning and lease-up of the vacant space and renewals at significantly higher rental rates.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
