Elmore Investments Acquires 5.4 Acres In Aledo From The Groves Of Aledo For New Facility

A 5.4-acre site located at 400 Bailey Ranch Road in Aledo, west of Fort Worth, has been acquired by Elmore Investments for the development of a new multi-sport facility. The facility will feature amenities such as pickleball, tennis, and padel courts, along with designated areas for baseball and softball training.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: Not disclosed
• Address: 400 Bailey Ranch Road
• Market: Aledo
• Buyer: Elmore Investments
• Seller: The Groves of Aledo
• Brokers: Kristen Fegley & Ben Gehrke - LanCarte Commercial Real Estate

Kristen Fegley and Ben Gehrke from LanCarte Commercial Real Estate represented the seller, The Groves of Aledo, in this transaction. A specific construction timeline for the new facility has not been disclosed.