October 02, 2017
Fort Worth, Texas – Transwestern today announces it represented Navstar Commercial in the sale of One Ridgmar Centre in Fort Worth, Texas. Frontier Equity purchased the property for an undisclosed amount. Transwestern Managing Director Steve Simon and Senior Vice President Steve Rowland represented the seller in the transaction.
"One Ridgmar Centre proved to be a highly sought-after property receiving multiple offers on the sale,” said Simon. “This robust activity is representative of the increased level of investor interest in the Fort Worth office market.”
One Ridgmar Centre is located at 6500 W. Freeway in the Southwest Fort Worth office submarket. The 10-story, 177,199-square-foot, Class A office building has a highly visible location along Interstate 30, with proximity to restaurants, hotels, shopping, entertainment and multiple residential options. One Ridgmar Centre was 89 percent occupied at the time of sale, with rents at 10 to 15 percent below market rate.
Transwestern is a privately held real estate firm of collaborative entrepreneurs whodeliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the North Texas region, follow @TranswesternDLS and @TranswesternFTW.