Summit's 242,000-SF Fort Worth office sold | Summit's 242,000-SF Fort Worth office sold | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=2753 | 2014-10-17T12:11:00Z | 2014-10-17T10:45:00Z |
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
| Office
| http://www.star-telegram.com/2014/10/15/6203014/summit-office-park-just-west-of.html | | | | Read more at {Source} |