HFO Waterside Acquires 5 Acres In Fort Worth From Trademark Property Company For Office Development

The property asset involved in the transaction is a 5-acre land parcel located at 3700 Vision Drive in Fort Worth. The asset is intended for commercial development, specifically to host a family office building for the Horton family. Future development plans may encounter challenges related to easements and setbacks from the Trinity River levee.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not disclosed
• Asset Size: 5 acres
• Market: Fort Worth
• Buyer: HFO Waterside - Douglas Reagan Horton - D.R. Horton
• Seller: Terry Montesi - Trademark Property Company
• Buyer's Representative: Jordan Johnson - LanCarte Commercial Real Estate
• Seller's Representative: Kirk Kelly - Transwestern

The transaction features notable individuals and entities, including Douglas Reagan Horton, who represents the buyer, and Terry Montesi, who represents the seller. The buy-side is represented by Jordan Johnson from LanCarte Commercial Real Estate, while Kirk Kelly from Transwestern acts as the seller's representative.