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

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SOLD

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Land
Sold 10/24/2025
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Elmore Investments Acquires 5.4 Acres In Aledo From The Groves Of Aledo For New Facility

Land
Sold 10/24/2025
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Summary

Asset Type:Land
Transaction Type:Sale

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.

Players

Ben Gehrke
2 deals
BROKER

Kristen Fegley
LanCarte Commercial Real Estate
1 deal(214) 668-2607
BROKER

LanCarte Commercial Real Estate
BROKERAGE

Details

SOLD
IMAGE: Kristen Fegley & Ben Gehrke DATE: 10/24/2025 ADDRESS: 400 Bailey Ranch Road MARKET: Aledo ASSET TYPE: Land ~ ACRES: 5.4 BUYER: Elmore Investments SELLER: The Groves of Aledo BROKERS: Kristen Fegley (@KristenFegley) & Ben Gehrke - LanCarte Commercial Real Estate NOTE: Elmore Investments acquired a 5.4-acre site at 400 Bailey Ranch Road in Aledo, west of Fort Worth, to develop a new multi-sport facility featuring pickleball, tennis, and padel courts, as well as baseball and softball training areas. Kristen Fegley and Ben Gehrke of LanCarte Commercial Real Estate represented the seller, The Groves of Aledo; a construction timeline was not disclosed.

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