Dart Interests Acquires Fort Worth's Central Library For $18M, Plans Mixed-Use Development

Dart Interests, led by Christopher Kelsey, has acquired Fort Worth's Central Library for $18 million. The property, located at 500 West 3rd Street, is an office building with a total area of 250,000 square feet. The sale price equates to $72 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $18,000,000
• Address: 500 West 3rd Street
• Market: Fort Worth

Todd Burnette and David Berzina from JLL represented Dart Interests as brokers in this transaction. The project, overseen by JLL, aims to demolish the existing building and redevelop the site into a mixed-use development. The redevelopment plans are expected to bring new opportunities for living, working, and recreation to the area. The possibility of 20-story buildings in the development could contribute to Fort Worth's skyline.