Macfarlan Capital Partners Leases 35948 Square Feet At 2821 W 7th St Fort Worth To Weaver
2821 W 7th St, Fort Worth, TX, 76107
Building Size
35,948 SF
Asset Type
Office
Closing
Aug 25, 2022
AI
The property involved in this lease transaction is located at 2821 W 7th St, Fort Worth, TX, 76107, with a total area of 35,948 square feet. It is situated in the Fort Worth market and is part of the seven-story One West 7th development, where Weaver has been the original lead tenant since its opening in 2009. The property allows for prominent top-of-building signage for the tenant.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2821 W 7th St, Fort Worth, TX, 76107
- Market: Fort Worth
- Landlord: Macfarlan Capital Partners
- Tenant: Weaver
- Landlord's Rep: Jake Neal - Holt Lunsford Commercial
- Brokers: Matt Carthey - Holt Lunsford Commercial
- Square Feet: 35,948
- Lease Renewal Date: Summer 2022
- Construction Completion Date: November 2022
The lease renewal was facilitated by Citadel Partners representing Weaver with a team that included Managing Partner Scott Morse, Managing Partner Scott Jessen, Market Principal Andy Goldston, Market Associate Advisor Daniel Mullen, and Advisor Katherine Jessen. The landlord was represented by Matt Carthey and Jake Neal, both from Holt Lunsford Commercial. The agreement includes plans for a complete renovation of the occupied floors and the construction of an amenity center on the second floor.
Players
Fort Worth Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93