News
July 9, 2010
B&G Oilfield Equipment Manufacturing Ltd. leased a 17,900 sf industrial building at 9024 NW Highway 287 in north Fort Worth. Matt Patterson of Patterson & Associates represented the landlord, Proffutt, L.P.
June 11, 2010
Blue Bell Creameries, L.P. purchased 2.2 acres for a new distribution facility on Harmon Road just south of Heritage Trace Parkway, in north Fort Worth. Matt Patterson and Bruce Baucum of Patterson & Associates negotiated the deal between Blue Bell and the seller, Harmon/Heritage Road Ltd.
March 8, 2010
Not so ‘80s déjà vu
Investors, bankers see major differences
BY ALESHIA HOWE
Local real estate professionals agree that the big difference between the 1980s crash and today’s real estate downturn is in the RTC days, there was no grid lock. In fact, there was an urgency to rid the banks of the real estate properties. Steve Patterson with Patterson and Associates said banks would not make land loans and that drove down the values of real estate “to what somebody would pay for it.”
“Values dropped like a rock,” Patterson said. “And the RTC was willing to just let it all go back to nearly nothing. I mean, I sold 100 acres in north Fort Worth in the fairway between 377 and I-35 for $2,000 an acre. The buyer sold it a year later for $25,000 an acre. People made fortunes in the RTC days. Today, we have not seen a real push down in value at all. There are buyers out there, but they’re not willing to buy at the prices out there and hold for an undetermined amount of time.”
You can view the entire article online at: http://www.fwbusinesspress.com/display.php?id=12101
November 5, 2009
Gospel Temple Church recently bought a 4,740 sf building located at 5525 Denton Highway in Haltom City. The church has plans to convert the building into a worship and educational facility.
Matt Patterson of Patterson & Associates represented the seller, Redi-Mix Concrete.
October 5, 2009
CrossPoint Nazarene Church (www.crosspointnaz.org) has bought 10 acres at the northeast quadrant of Loop 820 and Huffines Blvd. in norhtwest Fort Worth. The church has plans to develop the property for a multipurpose facility that will serve CrossPoint Chruch as well as the community. The church currently meets at Greenfield Elementary School.
Matt Patterson of Patterson & Associates represented the seller, The Crossing at Marine Creek. The buyer, CrossPoint Nazarene Church, was represented by Scott Oram of S.E.O. & Associates.
September 17, 2009
A local investor has purchased the former office of Karsten Tax and Financial Management at the corner of Camp Bowie and El Campo in Fort Worth, Texas. The seller was Karsten Real Estate, LP. Chris Haller with Patterson & Associates represented the Seller.
Karsten Tax and Financial Management recently moved its office to Rattikin Square located at 4936 Collinwood Avenue.
September 11, 2008
The LaSalle Group, Inc. purchased 2.6 acres at the NEC of Harris Parkway and Dutch Branch Road in Fort Worth, Texas. The seller was Eagle-Harris Pkwy. II, LP. Matt Patterson with Patterson & Associates, represented the buyer and John Nethery of Defined Development, LLC represented the seller. The site is set to be a future location of Autumn Leaves of Southwest Fort Worth, an assisted living facility for memory care.
September 6, 2008
Christian Brothers Automotive recently closed on 30,360 square feet at the northeast corner of Old Orchard Blvd. and FM 3040 in Flower Mound. Christian Brothers has plans for a new auto service store at this location.
Matt Patterson of Patterson & Associates represented the seller, Lewisville #6 Joint Venture.
July 15, 2008
Lifetime Management US, Inc has bought 19.16 acres at the NWC of Huffines Blvd. and Loop 820 in northwest Ft. Worth. Matt Patterson of Patterson & Associated represented the seller in the transaction, The Crossing at Marine Creek.
June 18, 2008
Milby Properties purchased 2.15 acres at the southwest quadrant of Huffines Blvd. and Shadydell Drive just north of Loop 820. The property is located in the City of Fort Worth, Tarrant County, Texas. Milby Properties plans to develop a Children’s Courtyard facility at the location.
Matt Patterson of Patterson & Associates Commercial Real Estate in Fort Worth represented the Seller, The Crossing at Marine Creek, on the transaction that closed late June 2008.
March 20, 2008
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Eagle Mountain Saginaw ISD purchased 15 acres on McLeroy Boulevard just east of Old Decatur Road in Saginaw Texas. The district plans to build an elementary school on the site.
Matt Patterson of Patterson & Associates Commercial Real Estate in Fort Worth negotiated the deal between Spain Properties and Eagle Mountain - Saginaw ISD who was represented by Todd Burnette and George Curry of The Staubach Company.
February 25, 2008
Industrial Buckets USA purchased 2.5 acres at the southwest quadrant of North Loop 820 and Atlee Parkway. The property is located in the City of Fort Worth, Tarrant County, Texas. Industrial Buckets sells and refurbishes heavy earth moving equipment and is currently located on Loop 820 and Berry Street but will be moving to their new location within the next couple months.
Aaron Stalberger and Chris Haller of Patterson & Associates Commercial Real Estate in Fort Worth negotiated the deal between Industrial Buckets, USA and 820 Mark IV who was represented by Steve McKeever.
October 10, 2007
Proffutt, L.P. purchased 17.7 acres located at the northwest corner of Mark IV Parkway and Loop 820 in the City of Fort Worth, Texas. Matt Patterson of Patterson & Associates in Fort Worth represetned the Buyer, and David Davis of D2 Development represented the Seller, Headington Realty Capital, L.P.
October 5, 2007
R&R Creations, LLC purchased 5.2 acres located at the southwest quadrant of White Settlement Road and Expedition Parkway in the City of Fort Worth, Texas. Matt Patterson of Patterson & Associates in Fort Worth represetned the Seller, West/Loop 820 Partners.