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5/12/20
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Austin-based Capital Commercial Investments Inc has acquired a three-building, 1.39 msf office campus in Fort Worth, TX that formerly served as the world headquarters for American Airlines Inc and American Airlines Federal Credit Union. The price was not disclosed.
The 40-acre campus, which also includes 6.33 acres of undeveloped land, is located at 4333, 4255 and 4151 Amon Carter Blvd, just three miles from Dallas-Fort Worth International Airport. The campus is one of the few large blocks of contiguous space in the metroplex and is equidistant between Dallas and Fort Worth. Additionally, the Trinity Railway Express (TRE) commuter train and station are only a 14-minute walk and offer 30-minute rides to both cites.
The buildings feature irregular dodecagon-shaped floorplates with four wings of office space affording an unrivaled 12 sides of glass windows. Additionally, the property has an underground pedestrian tunnel connecting all three buildings.
Capital Commercial Investments plans to renovate the entrance lobbies, build out model suites and common areas, and enhance existing lighting throughout the buildings. The company expects to fill the buildings with large tenants that are looking for exposure to both Dallas and Fort Worth labor markets.
Mike Hardage, Alan Harrington, Steve McCoy and Brooks Creech with Transwestern Real Estate Services, along with Troy Barron from Weston Commercial Real Estate, brokered the sale. Transwestern’s Duane Henley and Nathan Durham takes over leasing, while Transwestern’s Becky Dennis oversees property management, on behalf of the new ownership.
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