March 29, 2017
Have you registered for Connect Austin yet? Click here for more information!
Frost Bank sold 3.4 acres at 2500 Great Southwest Parkway to L.D. Texas Investments LLC for an undisclosed price. The transaction allowed the bank to clear its books of a foreclosed commercial property. The acreage, located in the Great Southwest Mark IV Industrial Park in Fort Worth, was one of the few remaining developable sites for sale.
The property is zoned heavy industrial, with all utilities in place. These factors attracted offers from several users familiar with the park’s location to North Freeway (Interstate 35W). “This buyer stood out for his terms in pricing and timing. From listing to closing, it took only four months to sell at market value,” says Wayne Burgdorf, with Coldwell Banker Commercial Advisors DFW in Arlington, TX, who represented the seller. Marty Rader of DFW Realty Partners advised the buyer.
For comments, questions or concerns, please contact Amy Sorter
For advertising information, please contact Joni Margotta