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7/23/19
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We’ve learned of a large office asset in Texas that has just hit the market - the three-building, 1.39 msf office campus that has served as the world headquarters for American Airlines Inc and American Airlines Federal Credit Union. With approximately 6.33 acres of raw land, the offering provides investors with a rare opportunity to redevelop a Class A office campus into a new headquarters facility or creative office campus.
The property covers 40 acres at 4333, 4255, 4151 and 4101 Amon Carter Blvd in Fort Worth, at the epicenter of the Dallas-Fort Worth metroplex. It is immediately south of Dallas-Fort Worth International Airport, the world’s third-busiest airport, generating a $37-plus bil annual economic output to the North Texas regional economy.
The site offers unparalleled access to the booming aviation industry and all its ancillary economic benefits. Additionally, there is an abundance of residential, retail and entertainment offerings nearby. The property is in excellent condition and will trade at a significant discount to replacement cost.
The listing is being handled by Mike Hardage with Transwestern Commercial Services, who notes that the offering presents an outstanding opportunity for a user or investor to acquire an ideally located office campus with excellent recruiting access to both Dallas and Fort Worth. An asking price was not immediately given out.
“The property has been extremely well maintained and features a unique underground pedestrian tunnel that connects all three buildings,” Hardage points out. “Furthermore, the Trinity Railway Express (TRE) commuter train and station are only a 14-minute walk and offer 30-minute rides to both Dallas and Fort Worth.”
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