TIER REIT Sheds Fort Worth Office Asset
- Feb 23, 2018
TIER REIT has sold Centreport Office Center in Fort Worth, Texas, for approximately $12.7 million. The firm had previously acquired the 133,246-square-foot property from Invesco, in 2007, for $16.1 million, according to Yardi Matrix. The deal follows the sale of a Baltimore Class A office asset to Morning Calm Management in a series of three divestments made by TIER recently.
Located at 14760 and 14770 Trinity Blvd., Centreport’s two one-story structures are situated in an office and industrial area less than five miles south of DFW International Airport. The property includes 574 parking spaces on the 15.3-acre parcel.
One of the buildings is fully leased to NCR Corp., with 45,669 square feet of the other occupied by Dean Foods. Stream Realty’s Tim Terrell and Tyler Maner are currently marketing 20,695 square feet of available space to future tenants, Yardi Matrix data shows.
Image courtesy of Yardi Matrix