Medical supply manufacturer acquires Katy Depot near downtown Fort Worth
JLL selected to market and sell The Katy Depot
FORT WORTH, May 28, 2019 – JLL announced the sale today of the Katy Depot near downtown Fort Worth. The purchaser is a medical company who plans to renovate the 23,413-square-foot former freight depot.
JLL’s Joel St. John and Ryan Matthews represented the seller, Besco Supply, a family-owned masonry and building supply, in the sale. NAI Robert Lynn’s Todd Hubbard represented the buyer. Acquisition financing was provided by Plains Capital Bank.
“Our Fort Worth Medical District is a huge driver for our local economy, generating new business opportunities within our region,” said St. John. “This provided a terrific disposition opportunity for Besco as this historic property is now set to play a new role in Fort Worth’s future under new ownership.”
Built in 1909, the Katy Depot was originally designed as a freight depot for the Katy Railroad which connected Missouri, Kansas and Texas. It served as a builder’s supply house from 1996 until Besco relocated to larger facility at 3521 Hemphill Street last year.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.