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Attributes
Year Built | 2000 |
Building Area Gross |
|
Occupancy | 75.0 % |
Call for Offers |
Asset Description
Jones Lang LaSalle Americas, Inc. is pleased to present the opportunity to acquire CROCKETT ROW AT WEST 7TH (“Crockett Row” or the “Property”), a five-block pedestrian-friendly urban village totaling 282,334 square feet of Class A retail and office space. Currently 75% leased, the Property is experiencing significant leasing momentum, and already in 2022, two leases totaling 12,722 SF were signed at the Property. Crockett Row is part of the larger West 7th development, which embodies Live, Work, Play with a total of 2,700 multi-family units, 1.2 million square feet of office, and 1.1 million square feet of food and entertainment-rich retail within walking distance of the Property.
Crockett Row is located at the southeast corner of University Drive and West 7th Street, adjacent to Fort Worth’s Cultural District and just west of Downtown. Developed in 2009, Crockett Row features a dynamic tenant roster including Movie Tavern, LA Fitness, Common Desk, Mash’d, as well as new tenants, One Medical and Sandbox VR. Over the past few years, Crockett Row has evolved into the casual, regional service and entertainment center of Fort Worth serving the immediate consumers within 1.5 miles of the Property and the greater Downtown Fort Worth District.
Investment Highlights
- Premier value-add opportunity with the ability to lease up vacancy at a large mark-to-market
- Neighboring Mixed-Use Projects leading to the Continued Densification of the West 7th Entertainment District
- $3.7 Billion spending power within 3-Miles
- E-Commerce resistant tenant roster providing over $15 million in revenue