Downtown Fort Worth office high-rise hits the market
JLL selected to lead the sale of 115 West 7th, formerly The Oncor Building
FORT WORTH, September 8, 2020 – JLL announced today that the firm has been retained to market and sell 115 West 7th Street, formerly The Oncor Building, located in downtown Fort Worth. The property is owned by an affiliate of Benbrooke Realty Investment Company.
The 16-story, 300,347-square-foot office building is over 90% occupied and includes two of the most popular dining destinations in downtown Fort Worth, Capital Grill and the locally acclaimed Little Red Wasp, as well as the downtown branch for PlainsCapital Bank on the ground floor.
“We saw the potential to create Class A retail on the ground level when we purchased the building over 12 years ago,” said Managing Partner George Ackerman. “Since we embarked on the ground floor renovations, we have attracted some of the highest quality restaurants and banks to downtown Fort Worth. We are very pleased to be able to pass the torch to the next owner and provide them with a high-profile tenant base.”
JLL Managing Director Ryan Matthews is leading the sales effort on behalf of ownership.
“115 West 7th will provide a growing list of developers looking in downtown with a rare opportunity to purchase a legacy asset,” said Matthews. “Its central location downtown within one of the most vibrant areas of our city offers tremendous accessibility with well-known Class A+ retail tenants onsite. We’re thrilled to play a role in its transition.”
For more information on 115 W. 7th, please contact Ryan Matthews at +1 817 334 8100.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion in 2019, operations in over 80 countries and a global workforce of nearly 93,000 as of June 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.