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| Jim Curtin |
DALLAS, TX – HFF announced it has secured joint venture
equity for the development of Waterside, a $75 million, Whole Foods
Market-anchored mixed-use development located in Fort Worth, Texas.
HFF
worked exclusively on behalf of the developer, Trademark Property Company
(Trademark), in sourcing the capital from Sarofim Realty Advisors. Equity proceeds will be used to develop the
first phase of the project.
Separately, HFF represented Trademark in the sale of 5.08
acres of land to a venture between Transwestern Development Company and a
private real estate fund advised by CHC–Real Estate for the Waterside
multi-housing development.
Waterside is a future mixed-use development that will be located on 52
acres at the intersection of Bryant Irvin Road and Arborlawn Drive on the
former Lockheed Martin Recreation Association site in Fort Worth.
 |
| Trey Morsbach |
The Whole Foods Market-anchored retail development will
feature 1.5 miles of Trinity River waterfront and is part of the first phase of
Waterside development that will include 190,000 square feet of retail space and
riverside restaurants.
The 45,000-square-foot store will be the first Whole Foods
in Fort Worth. The remaining phases
will include 20-30 acres of multi-housing units, 140,000 square feet of office
space and a hotel.
The
HFF equity placement team representing the developer was led by associate
director Jim Curtin and senior managing director Trey Morsbach.
The HFF investment sales team representing Trademark in the
land sale was led by senior managing directors Roberto Casas and Bill Miller
and associate director Greg Toro.
According to HFF, the land sale represents a great opportunity for
Transwestern to be part of one of Fort Worth’s most exciting mixed-use
developments which includes Fort Worth’s first Whole Foods Grocer.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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