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SOLD

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

500 West 3rd Street

Office
250,000 SF
clock iconSold 1 year ago
David Berzina
Todd Burnette
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Summary

Sale
TEXAS
Office
250,000 sqft

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.

Players

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    3

  • Agents

    2

  • Agencies

    1

David Berzina's profile picture
David Berzina
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Vice President
$18M Sold

Details

Deal Summary
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SOLD
IMAGE: David Berzina & Todd Burnette DATE: 06/01/2023 ADDRESS: 500 West 3rd Street MARKET: Fort Worth ASSET TYPE: Office BUYER: Dart Interests - Christopher Kelsey BROKERS: Todd Burnette & David Berzina - JLL (@JLL) SALE PRICE: $18,000,000 SF: 250,000 ~ PPSF: $72 NOTE: Dart Interests has acquired Fort Worth's Central Library for $18 million with plans to demolish the building and redevelop the site into a mixed-use development, bringing new opportunities for living, working, and recreation. The project, overseen by JLL, is expected to transform the area, potentially featuring 20-story buildings and contributing to Fort Worth's skyline.

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Address500 West 3rd Street

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