facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Retail

/

Sale

/

3798 Bryant Irvin Road

Adam Flatto And Jonathan Schmerin Acquire 157000 Square Feet Retail Center In Fort Worth
SOLDRetail

Adam Flatto And Jonathan Schmerin Acquire 157000 Square Feet Retail Center In Fort Worth

3798 Bryant Irvin Road

Building Size

157,000 SF

Asset Type

Retail

Closing

Feb 25, 2025

AI

The retail asset, located at 3798 Bryant Irvin Road in Fort Worth, spans 157,000 square feet and occupies 12.6 acres. The property features a Whole Foods as its anchor tenant and is part of the Waterside retail center, now under new ownership following the sale from Trademark Property Company.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Undisclosed
  • Buyer: Adam Flatto & Jonathan Schmerin - The Georgetown Company
  • Seller: Terry Montesi - Trademark Property Company
  • Brokers: Andrew Griffin, Barry Brown, Chris Gerard & Erin Lazarus - JLL
  • Market: Fort Worth

This transaction adds to The Georgetown Company’s grocery-anchored retail portfolio, which now exceeds $275 million across four states. JLL Capital Markets represented the seller in this deal.

Players

Erin Lazarus

JLL

Broker

$565M

vol

23 deals

Broker
TC
The Georgetown CompanyBuyer

Terry Montesi

Trademark Property Company

Seller

$61M

vol

4 deals

Seller

Fort Worth Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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