Jul 14, 2016
20 Days, 18 bidders, 1 historic building
FORT WORTH - The Historic Electric Building Apartments, a multifamily and retail asset with 106 loft-style units and 10,000 sf of retail space at 410 W. 7th St. in Fort...
FORT WORTH – The Historic Electric Building Apartments, a multifamily and retail asset with 106 loft-style units and 10,000 sf of retail space at 410 W. 7th St. in Fort Worth has been acquired.
“The asset was marketed for just 20 business days, attracted interest nationally, and 18 offers were submitted,” says John Barker, a senior director of Marcus & Millichap’s National Multi Housing Group in Fort Worth.
Built in 1928 and converted to apartments and retail in 1994, the 109,956-rentable-sf property is near Fort Worth’s financial district and cultural center.
Listed on the National Register of Historic Places, the 18-story Historic Electric Building features terra cotta detailing, decorative friezes, locked intercom entry, three elevators, and a laundry facility.
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