July 25, 2019
Transwestern Investment Group, on behalf of Diversified International Partners Fund, sold 550 Bailey, a 122,828-square-foot office building in Fort Worth’s West 7th District. The buyer was listed as the University of North Texas System in Denton, TX, according to public records.
Jim Sager with Transwestern Commercial Services represented the buyer. Gary Carr, John Alvarado and Robert Hill with CBRE provided disposition services.
The building was renovated in 2008-2009, with final upgrades to the common areas completed during the seller’s three-year ownership. “This building is in an excellent location within walking distance to the popular West 7th District,” said TIG’s Richard Yeh. “The ownership invested in upgrades to the common areas, which, coupled with the premier location, led us to successfully execute the sale.”
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