123,000-SF former Bombay HQ purchased in Fort Worth123,000-SF former Bombay HQ purchased in Fort Worthhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=14482015-03-24T06:17:00Z2015-03-24T00:00:00Z

FORT WORTH - 550 Bailey, the seven-story, 122,828-sf building that is the former location of The Bombay Co.’s headquarters, has been sold.

The property includes an adjacent multi-level parking garage and surface parking, which has an overall parking ratio of 3.5 per 1,000 net rentable sf.

550 Bailey has undergone numerous capital improvements. Since 2008, ownership invested about $6 million to transform the former single-tenant corporate headquarters building into the property of today. An additional $5 million went into leasehold improvements over the same period.

Renovations include lobby and common area remodels, elevator modernization for all five elevators, exterior landscaping enhancements and construction of a covered walkway from the parking garage to the office building.

Transwestern Investment Group, on behalf of Diversified International Partners, purchased 550 Bailey.

Fort Worth Business Press
Dallas-Fort Worth-Arlington
http://fwbusinesspress.com/fwbp/article/1/9334/News-Categories-Real-Estate/Bombay-Co.s-former-HQ-building-purchased.aspxRead more at {Source}

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