{"id":1004558161,"date":"2021-11-18T05:00:09","date_gmt":"2021-11-18T13:00:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004558161"},"modified":"2022-12-08T13:04:29","modified_gmt":"2022-12-08T21:04:29","slug":"fort-capital-buys-dfw-mixed-use-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-capital-buys-dfw-mixed-use-asset\/","title":{"rendered":"Fort Capital Buys DFW Mixed-Use Asset"},"content":{"rendered":"
\"\"<\/a>

Ballpark Circle. Image courtesy of Fort Capital<\/p><\/div>\n

Lexington Realty Trust has sold Ballpark Circle, a two-building Class A property encompassing 236,547 square feet of office and light industrial space in Arlington, Texas. The buyer, Fort Capital, has tapped JLL to lease the mixed-use complex.<\/p>\n

The 2003-built Ballpark Circle last traded in December of that year, when the current seller paid $23.5 million for it, CommercialEdge data shows.<\/p>\n

Located on more than 14 acres at 1401-1501 Nolan Ryan Expressway, the property includes a 161,808-square-foot office building along with a research and development facility totaling 74,739 square feet. The two- and three-story campus offers 37,369 and 53,935-square-foot floor plates, conference rooms and a parking ratio of 3 spaces per 1,000 square feet.<\/p>\n

The tenant roster includes a division of Arrow Electronics, A.E. Petsche and Cyient, according to CommercialEdge. A.E. Petsche moved into the building slightly over a year ago, when it signed a 23,000-square-foot lease.<\/p>\n

Ballpark Circle is within Arlington\u2019s Entertainment District, just off Interstate 30 and less than a mile from the AT&T Stadium and Esports Stadium Arlington. Downtown Dallas is 18 miles east, while downtown Fort Worth is some 16 miles west of the property.<\/p>\n

Previous deals<\/h2>\n

Fort Capital\u2019s current purchase comes on the heels of another acquisition in the Arlington submarket. Last week, the company acquired Shoreline Business Park, a four-building Class B industrial asset totaling 190,008 square feet.<\/p>\n

In July, Fort Capital sold a twelve-building industrial portfolio totaling 582,803 square feet to The Arden Group. Taking note of the demand that is driving investors to the sector<\/a>, the July disposition followed an earlier transaction, where Fort Capital packaged together Class B industrial properties that later sold as a portfolio. Last December, the company sold an eight-building portfolio<\/a> encompassing 606,889 square feet across the Metroplex.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Arlington campus includes office and light industrial space. <\/p>\n","protected":false},"author":1763,"featured_media":1004558165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21752,21742,21747],"tags":[50710,32796,36727],"class_list":["post-1004558161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-mixed-use","category-latest","category-office","tag-fort-capital","tag-jll","tag-lexington-realty-trust"],"acf":[],"yoast_head":"\nFort Capital Buys DFW Mixed-Use Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fort-capital-buys-dfw-mixed-use-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Capital Buys DFW Mixed-Use Asset\" \/>\n<meta property=\"og:description\" content=\"The Arlington campus includes office and light industrial space.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fort-capital-buys-dfw-mixed-use-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-18T13:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:04:29+00:00\" \/>\n<meta name=\"author\" content=\"Agota Felhazi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/11\/1401-Nolan-Ryan-Expressway-e1637235433403.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/\"},\"author\":{\"name\":\"Agota Felhazi\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/bd1ef74130b86a7c6013eaa04b08b28d\"},\"headline\":\"Fort Capital Buys DFW Mixed-Use Asset\",\"datePublished\":\"2021-11-18T13:00:09+00:00\",\"dateModified\":\"2022-12-08T21:04:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/\"},\"wordCount\":302,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/11\\\/1401-Nolan-Ryan-Expressway-e1637235433403.jpg\",\"keywords\":[\"Fort Capital\",\"JLL\",\"Lexington Realty Trust\"],\"articleSection\":[\"Dallas\",\"Investment\",\"Mixed Use\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/fort-capital-buys-dfw-mixed-use-asset\\\/\",\"name\":\"Fort Capital Buys DFW Mixed-Use Asset - 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