Fort Worth: Texas Wesleyan buys two shopping centers

FORT WORTH – Texas Wesleyan University has purchased two shopping centers on E. Rosedale St. across from its Southeast Fort Worth campus.

The centers, in the 3000 and 3100 blocks of E. Rosedale, include more than 20,000 sf and are mostly vacant. The Texas Wesleyan University Bookstore and a Subway sandwich shop are tenants in one of the buildings.

The university will pursue restaurant and retail tenants, according to Frederick G. Slabach, Texas Wesleyan’s president.

“We’ve already received significant interest by food service providers,” Slabach said.

The seller, Tsc Poly Retail LLC, began assembling the property 12 years ago. The shopping centers, which comprise several lots, are about 25 percent occupied.

Officials expect business interest in the area will continue to pick up, as the city completes a major reconstruction of E. Rosedale, now underway into the campus. Texas Wesleyan also is overhauling the entryways to the school with the help of the city.

The $1.8 million in street improvements are a public-private partnership between Texas Wesleyan, the City of Fort Worth, Tarrant County and the North Central Texas Council of Governments.