{"id":1004738903,"date":"2024-11-28T01:43:24","date_gmt":"2024-11-28T09:43:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004738903"},"modified":"2024-11-28T01:43:26","modified_gmt":"2024-11-28T09:43:26","slug":"wilks-development-buys-metroplex-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/","title":{"rendered":"Wilks Development Buys Metroplex Office Asset"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004738905\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/one-ridgmar-center-in-fort-worth-texas-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&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;0&quot;}\" data-image-title=\"One Ridgmar Center in Fort Worth, Texas\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg?w=1000\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\" alt=\"Exterior shot of One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.  \" class=\"wp-image-1004738905\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-element-caption\">Since Wilks Development acquired the property, Equify Financial, LLC has signed a lease. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot Class A office building in Fort Worth, Texas. The previous owner was Holt Lunsford Commercial, which purchased the property in 2017 from Newmark, CommercialEdge shows.<\/p>\n\n\n\n<p>The buyer plans to invest $1 million to renovate the roof and HVAC systems of the newly purchased asset, and another $8 million over the next five years for common-area improvements.<\/p>\n\n\n\n<p>The office tower became subject to a $16.3 million 10-year loan in 2021, originated by Fidelity Bank, according to CommercialEdge data.<\/p>\n\n\n\n<p>One Ridgmar Centre is a 10-story building completed in 1986. The property was 32 percent vacant at the time of the deal, below Fort Worth\u2019s average for office buildings. Since the transaction, the new ownership secured new leases totaling 30,000 square feet. Equify Financial LLC is one of the new tenants. The roster also includes Quantum Valve and Oilfield Solutions, Enercon, Farmers Narional, CobbFendley, Certrec, City Bank Mortgage, ClearChoice Dental Implant Centers and Principal Financial Group.<\/p>\n\n\n\n<p>The office tower is at 6500 West Freeway, just off Interstate 30. One Ridgmar Centre is less than 1 mile from Ridgmar Shopping Mall, which has several eateries and retail options available. Downtown Fort Worth is some 7 miles east.<\/p>\n\n\n\n<p>Earlier this year, Wilks broke ground on the first phase of Firefly Park, <a href=\"https:\/\/www.commercialsearch.com\/news\/wilks-frisco-edc-to-break-ground-on-550m-dallas-project\/\">the developer&#8217;s $550 million project in Frisco, Texas<\/a>. The mixed-use master plan will cover a 242-acre site and is slated to feature more than 650,000 square feet of office space. This first phase is scheduled for completion in 2027.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Class A building comprises almost 180,000 square feet.<\/p>\n","protected":false},"author":3619,"featured_media":1004738905,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21783,21742,21747],"tags":[52392],"class_list":["post-1004738903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-investment","category-latest","category-office","tag-wilks-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wilks Development Buys Metroplex Office Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.\" \/>\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\/wilks-development-buys-metroplex-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wilks Development Buys Metroplex Office Asset\" \/>\n<meta property=\"og:description\" content=\"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-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=\"2024-11-28T09:43:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-28T09:43:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"750\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Maria Maruta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/\",\"name\":\"Wilks Development Buys Metroplex Office Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\",\"datePublished\":\"2024-11-28T09:43:24+00:00\",\"dateModified\":\"2024-11-28T09:43:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\"},\"description\":\"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg\",\"width\":1000,\"height\":750,\"caption\":\"Exterior shot of One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wilks Development Buys Metroplex Office Asset\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df\",\"name\":\"Maria Maruta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78\",\"caption\":\"Maria Maruta\"},\"description\":\"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wilks Development Buys Metroplex Office Asset - Commercial Property Executive","description":"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/","og_locale":"en_US","og_type":"article","og_title":"Wilks Development Buys Metroplex Office Asset","og_description":"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.","og_url":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-11-28T09:43:24+00:00","article_modified_time":"2024-11-28T09:43:26+00:00","og_image":[{"width":1000,"height":750,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg","type":"image\/jpeg"}],"author":"Maria Maruta","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/","url":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/","name":"Wilks Development Buys Metroplex Office Asset - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg","datePublished":"2024-11-28T09:43:24+00:00","dateModified":"2024-11-28T09:43:26+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df"},"description":"Wilks Development has acquired One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg","width":1000,"height":750,"caption":"Exterior shot of One Ridgmar Centre, a 177,199-square-foot, Class A office building in Fort Worth, Texas."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/wilks-development-buys-metroplex-office-asset\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Wilks Development Buys Metroplex Office Asset"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/34bf2de3f952f3db52e303344f1799df","name":"Maria Maruta","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/08\/Maria_Maruta.jpeg?w=78","caption":"Maria Maruta"},"description":"Maria Maruta is an Associate Editor with Multi-Housing News and Commercial Property Executive. Maria completed a Bachelor's in Art History and a Master's in Film Studies at the University of Groningen, The Netherlands. Currently, she writes commercial real estate news, particularly on the office, retail, coworking and self storage sectors. You may reach her at maria.maruta@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/maria-maruta\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/11\/One-Ridgmar-Center-in-Fort-Worth-Texas-edited.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3619"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004738903"}],"version-history":[{"count":9,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738903\/revisions"}],"predecessor-version":[{"id":1004738986,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004738903\/revisions\/1004738986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004738905"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004738903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004738903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004738903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}