JV Buys Atrium Center With Co-Buyer Moving In

FORT WORTH—The acquisition of Atrium Center has allowed one of the buyers, Caffey Group, to relocate its headquarters from the CBD to the new property. A joint venture of SkyWalker Property Partners and Caffey Group paid an undisclosed price for the 50,686-square-foot asset at 8851 Camp Bowie West in West Forth Worth.

The joint venture agreement includes an option for minority partner Caffey to buy the property in the future. Until then, the firm will lease 10,419 square feet on the first floor of the three-story building, including long-vacant atrium space once occupied by a bank. Caffey has been headquarters Downtown since 2001 and will move into its new digs when its lease at 309 W. Seventh St. expires by Sept. 7.