Summit's 242,000-SF Fort Worth office soldSummit's 242,000-SF Fort Worth office soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=27532014-10-17T12:11:00Z2014-10-17T10:45:00Z

FORT WORTH - The 242,482-sf Summit Office Park just west of downtown has been sold.

The two-building, Class A office complex was constructed in 1974. The eight-story buildings, located at 1200 and 1300 Summit Ave., are 95 percent leased and have 120,396 sf and 122,086 sf, respectively.

The property is valued at $22.3 million by the Tarrant Appraisal District. It includes a parking garage and is situated on about nine acres.

Dallas-based Prescott Realty, which purchased Summit Office Park in 2007, sold the property to Pennybacker Capital.

Fort Worth Star-Telegram
Dallas-Fort Worth-Arlington
http://www.star-telegram.com/2014/10/15/6203014/summit-office-park-just-west-of.htmlRead more at {Source}

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