August 18, 2020
A local family office has selected Bradford Commercial Real Estate Services to lease its Tarrant County holdings, including a bank building owned since the mid-1980s by the investment group.
Bradford EVP Leigh Richter and VP Erik Blais will oversee leasing for the 64,646-square-foot Legend Bank Building in North Richland Hills and the 21,648-square-foot Colleyville Plaza in Colleyville. Occupancy is 52% and 65%, respectively.
“These are good assets with long-term ownership, which is extremely beneficial,” said Richter.
The four-story Legend Bank Building, located at 6851 NE Loop 820, is facing a repositioning. Its largest vacancy is the 15,681-sf fourth floor, which will be partially demised and prepped for tours.
“We need to take this asset to the next level and figure out the best repositioning strategy,” Richter said, noting the investment group also owns vacant adjacent land.
The family office has owned Colleyville Plaza at 5005 Colleyville Blvd. since 2010.
For comments, questions or concerns, please contact Paul Bubny