FORT WORTH—A group formed by local investor Will Martin, has acquired the five-story office building at 1612 Summit Ave.
Summit Hilltop Partners is the name of the new firm which purchased the 82,000-square-foot building, according to a report in the Fort Worth Star-Telegram. The property includes an underground parking garage, is 95% leased to 15 tenants, including the GCG advertising firm and Fort Worth Ag Credit.
Martin said he will move his office for W. Martin and Co. into the building this month.
Ameritas Life Insurance Co. in Omaha sold the building. Terms of the sale were not disclosed.
Summit Hilltop bought the building as a long-term investment, Martin said. Some improvements are planned.
Jeff Day of Centra Partners represented the seller.
Click Star-Telegram to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
