(Read more on the industrial market.)

FORT WORTH-Halliburton Corp.'s former 340,869-sf office andwarehouse footprint in Carter Business Park has been sold afterroughly two years on the market to a long-time tenant who occupies69% of the space. The 10-building asset has changed hands forslightly less than $8 million or about $4 million less than theoriginal ask.

Houston-based National Oilwell Varco Inc., a publicly tradedoilfield services' component manufacturer, had six years left on aninherited 10-year lease when it jumped into acquisition talks forthe 23.3-acre complex at 1010-1100 Everman Pkwy. in South FortWorth. "They knew both the strengths and the shortcomings of thereal estate," says John Brewer, senior vice president for Henry S.Miller Commercial in Dallas, who teamed with the firm's presidentof its investment division, Greg Trout, and Fort Worth-based NAIHuff Partners principal Walter Floyd to make the close.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.