Landmark Fort Worth towers up for grabs
Two distinctive towers in downtown Fort Worth have been launched.
The historic Star Telegram building and the oil and gas building are being offered for sale by commercial real estate company Younger Partners.
The 16-story and 19-story buildings on West Seventh Street were constructed in 1929 and 1954, respectively. The properties are currently about 60% let.
“The two-tower complex is an impressive example of Art Deco and Gothic design,” said Scot Farber of Younger Partners, who is marketing the building with Tom Strohbehn. “The property is located in Fort Worth’s thriving central business district next to the renowned Sundance Square and offers a compelling combination of stabilized office space and the value-adding option of changing an existing use and converting one of the buildings into a mixed use or by incorporating multi-family houses Hospitality. “
The landmarks are just the newest real estate available for sale in the downtown area.
Fort Worth’s tallest skyscraper – the 40-story Burnett Plaza – is also on the market.
After falling sharply at the start of the pandemic, the number of commercial properties available for sale in North Texas has increased in recent months.
The Dallas-Fort Worth area was one of the country’s top commercial property markets in the first half of 2020.