Fort Worth’s Western Place I & II sold

FORT WORTH – Western Place I & II in southwest Fort Worth have been sold. The Class B properties are at 6000 and 6100 Western Place fronting I-30, and total 427,000 sf.

Western Place I boasts 11 stories, while Western Place II has ten. The towers are occupied by institutional tenants including Lockheed Martin and BAE Systems.

Fort Worth-based TLC Urban purchased the buildings from Sovereign Capital and expects the building to perform well. “South Fort Worth is one of DFW’s best performing submarkets, with a vacancy rate of 6.8 percent versus 14.8 percent for the overall Metroplex,” added Ben Lurie of Colliers International, who brokered the sale.

Read more at Globe St. and the Fort Worth Business Press.