FORT WORTH – Transwestern Real Estate Services (TRS) announces FTW Investment Group, LLC has purchased 3880 Hulen, a six-story, 70,000-square-foot office building in Fort Worth. Transwestern’s Kyle Poulson and Gibson Duwe facilitated the transaction on behalf of the seller. Casey Tounget and Theron Bryant, also of Transwestern, represented the buyer. The sale price was not disclosed.
“This is a great submarket in West Fort Worth with consistently healthy occupancy,” said Duwe. “Additionally, we expect rental rates in the west side office market to climb with new construction coming online. This asset was one of few office buildings of this size available on Hulen and we’re excited new ownership saw its potential.”
Located south of Arlington Heights, the building has proximity to the Fort Worth Zoo, Texas Christian University and Colonial Country Club.
Veritex Community Bank is the anchor tenant at 3880 Hulen. The new owner will also occupy space in the building and is planning property updates.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
Media Contact:
Collin Burwinkel
972.774.2531
713.253.2334
collin.burwinkel@transwestern.com
twmediarelations@transwestern.com
