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.
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Media Contact:
Joyce Williams
972.774.2505
joyce.williams@transwestern.com
twmediarelations@transwestern.com
