FORT WORTH-The American Recovery Property Trust, based in SanDiego, has purchased Western Place I & II, a two-buildingcomplex comprising 425,000 square feet of office space in west FortWorth. The value of this acquisition is $34 million.

This is the company's first real estate acquisition. APEXCapital Corporation, BAE Information Systems, Computer ScienceCorporation and Lockheed Martin are the tenants of the two 10-storyWestern Place buildings. Sovereign Capital Management Grouplaunched ARPT in partnership with New York City-based InfinityUrban Century. For the full story, go to Fort Worth Business Press .


GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

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.