{"id":1004258744,"date":"2018-08-21T05:00:03","date_gmt":"2018-08-21T13:00:03","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004258744"},"modified":"2022-12-08T19:11:57","modified_gmt":"2022-12-09T03:11:57","slug":"pier-1-imports-hq-in-fort-worth-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pier-1-imports-hq-in-fort-worth-changes-hands\/","title":{"rendered":"Pier 1 Imports HQ in Fort Worth Changes Hands"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004258753\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004258753\" data-attachment-id=\"1004258753\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pier-1-imports-hq-in-fort-worth-changes-hands\/pier-1-imports-building\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Christopher Mann&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Christopher Mann&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Pier 1 Imports building\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pier 1 Imports headquarters &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg?w=800\" class=\"wp-image-1004258753 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/Pier-1-Imports-building.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004258753\" class=\"wp-caption-text\">Pier 1 Imports building&nbsp;<\/p><\/div>\n<p>Hertz Investment Group has acquired a trophy office property in Fort Worth, Texas, home to Pier 1 Imports&#8217; corporate headquarters for the last 10 years. CBRE arranged the sale on behalf of the seller, Hines.&nbsp;<\/p>\n<p>Located at 100 Energy Way, the property comprises 409,977 square feet across 20 stories. Constructed in 2003, the Class AA was originally purchased by Hines in August 2014 for $83.2 million. Situated on 12 acres, the building offers 360-degree views of the Clear Fork of the Trinity River, as well as a two-story lobby with floor-to-ceiling glass, high-end finishes, a fully-equipped fitness center and yoga studio, a full-service cafeteria and country club style locker rooms. Pier 1 Imports&#8217; lease is schedule to end in June 2027.&nbsp;<\/p>\n<p>CBRE&#8217;s Office Investment Properties&#8217; Vice Chairman Gary Carr, Senior Vice Presidents Evan Stone, John Alvarado and Eric Mackey, along with First Vice Presidents Robert Hill and Jared Chua arranged the transaction.&nbsp;<\/p>\n<p><em>\u201cInvestor interest in this landmark asset was high due to the asset quality and urban infill location along the Trinity. Fort Worth is well-positioned for significant near-term growth and is attracting investors, like Hertz Investment Group, who are looking to purchase assets in markets that are poised for growth,\u201d<\/em> Stone told <em>Commercial Property Executive.&nbsp;<\/em><\/p>\n<p>In April, Hertz Investment Group&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/hertz-investment-snags-baltimores-wells-fargo-tower\/\">acquired the Wells Fargo Tower for $36.8 million.<\/a> The purchase of the Class A office building in Baltimore marked the firm\u2019s first property in Maryland.&nbsp;<\/p>\n<p><em>Image courtesy of CBRE&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBRE arranged the sale of the 409,977-square-foot Class AA trophy tower on behalf of the seller, Hines, which purchased the property back in 2014 for $83.2 million. <\/p>\n","protected":false},"author":746,"featured_media":1004258753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21783,21742,21747],"tags":[32789,37945,37946,36166,32797,37947],"class_list":["post-1004258744","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-investment","category-latest","category-office","tag-cbre","tag-eric-mackey","tag-gary-carr","tag-hertz-investment-group","tag-hines","tag-john-alvarado"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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