Dr. Robert Alan Paul Of Texas Health Resources Signs Long-Term Lease Renewal In Benbrook Office

The property involved in this transaction is an office building located at 114 Sproles Drive in the Benbrook market. The total square footage of the asset is 5,564, and it is owned by Falcon Ridge Properties LLC, based in Idaho. The building is currently fully leased, which positions it well in the market given the area's growth, particularly along the 377 corridor.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Long-term lease renewal
• Address: 114 Sproles Drive
• Market: Benbrook
• Landlord: Tad Arstein - Falcon Ridge Properties LLC
• Tenant: Dr. Robert Alan Paul - Texas Health Resources
• Landlord's Representative: Shane Benner - Bradford Commercial Real Estate Services
• Tenant's Representative: Ludovit Zywczak - Parcel Realty

This lease renewal secures the location for Texas Family Health Care, led by Dr. Robert Alan Paul. The renewal replaces a flat-rate below-market lease with strong market pricing, reflecting the changing landscape and demand within the Fort Worth area.