Centra Partners, LLC has recently assumed the exclusive leasing assignment for Summit Office Park in Fort Worth, Texas.

Summit Office Park is comprised of two office buildings with a total of 239,095 rentable square feet.

Summit Office Park is located on the southwest corner of Summit Avenue and West Lancaster Avenue.  It is considered to be among Fort Worth's premier suburban office buildings due to its ability to provide unsurpassed access to the Downtown CBD area and its many cultural/entertainment amenities, as well as to desirable west side residential areas.  The Fort Worth Central Business District, which is located northeast of Summit Office Park, is a vibrant commercial core, and remains the focal point of Fort Worth's business, entertainment and cultural communities.  Summit Office Park also has excellent access to the Metroplex via I-30, I-35 and the Airport Freeway.

Summit Office Park offers services such as a conference center, a deli, a full-service banking facility and on-site auto repair & detailing.  Concierge and notary services are available at the on-site management office.

For more information relating to Summit Office Park, please contact Rick Hopwood, CPM or Jeffrey Day, CCIM in Centra's Fort Worth office at 817-338-1800.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals with our professional leasing, management and brokerage services.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC is please to announce the hiring of real estate veteran Rick Hopwood as President of the Commercial Property Management Division.

In his new role with Centra, Hopwood is responsible for Centra's Fort Worth, Dallas, San Antonio and Houston commercial property real estate services.

Centra's Executive Management team of Sam Day, Darrell Lester, Dusty Wolf and Tina Cavaco said "We are very pleased and fortunate to have Rick join our firm.  His 30 plus years of widely varied real estate experience offers a tremendous benefit to our clients."

Hopwood said "I am very excited to be with a well-established firm capable of providing several lines of commercial real estate services in an economic environment where experience and high quality performance are critical."

Centra Partners, LLC is an Accredited Management Organization (AMO) specializing in asset and property management, financial and brokerage services for commercial and multifamily properties in Texas and the Southwest United States for institutional and other substantial owners of real estate.  Please let us know how our team of Certified Property Managers (CPM's) and Certified Commercial Investment Members (CCIM's) can help you achieve your real estate goals.

Over the past several years, pension funds have incurred big losses in real estate private equity investments made before the economic downturn.  There are many signs that funds are returning to real estate, according to an article in the April 28, 2010 edition of The Wall Street Journal.

While some institutional investors are making large bets in less risk-averse real estate investments and avoiding leverage, some pension funds are planning on investing billions of dollars in highly leveraged opportunity funds that suffered big losses in the downturn.  In 2010, it is estimated that pension funds will pour $34 billion into real estate which is double the amount for 2009. Pension fund executives say they are rebalancing portfolios to include real estate so they can take advantage of what they perceive as real opportunities in the market place.  The focus is less on riskier “core” deals and more on selecting the right strategy and partners going forward.

In summary, it appears commercial real estate has turned the corner and is now becoming an attractive investment alternative for pension funds, real estate investment trusts (REIT’s) and institutional investors.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals with our professional leasing, management and brokerage services.

Centra Partners announced today that Jeffrey Day was awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM Institute, one of the leading commercial real estate associations in the world.  Following comprehensive examinations in New Orleans in April 2010, Jeffrey was among a select group of 272 professionals worldwide awarded the CCIM designation.

The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum including 200 hours of classroom hours addressing financial analysis, market analysis, user decision analysis and investment analysis.  Candidates are also required to present a portfolio of qualifying industry experience.  During the history of the international program, which was founded in 1969, 15,000 commercial real estate professionals in the U.S., Canada, Mexico, Asia and Europe have earned the CCIM designation.  CCIM's are recognized experts in commercial real estate brokerage, leasing, asset management, valuation and investment analysis.

At Centra Partners, Jeffrey's focus is on investment sales and leasing of office, industrial, retail and multifamily properties.

Centra Partners is an Accredited Management Organization (AMO) specializing in asset and property management, financial and brokerage services for commercial and multifamily properties in Texas and the Southwest United States for institutional and other substantial owners of real estate.  Please let us know how our team of CCIM's and Certified Property Managers (CPM's) can help you achieve your real estate goals.

Centra Partners, LLC has recently assumed the exclusive listing assignment for 4200 Lubbock Avenue, an industrial building in Fort Worth, Texas.

4200 Lubbock Avenue is being offered For Sale or For Lease.  This 90,862 square foot office/warehouse industrial property is located in the Sante Fe Industrial Park, which is in Southwest Fort Worth just east of Granbury Road, north of Seminary Drive and west of McCart Avenue on 6.5 acres.

Sale Price: $2,000,000

Lease Rate:  $2.50 per square foot triple net (NNN) for 55,000 to 90,862 square feet.

For more information relating to Northeast 820 Business Towers I and II, please contact David Cason or Ted St. Clair in Centra's Fort Worth office at 817-338-1800.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals with our professional leasing, management and brokerage services.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the exclusive leasing and management assignment for Northeast 820 Business Towers I and II, in Hurst, Texas.

Northeast 820 Business Tower I, with 56,000 square feet on 6 floors, is a Class B office building located at 305 NE Loop 820 in Hurst, Texas.  Tower I was originally built in 1979 on 2.96 acres and has a typical floor size of 9,333 square feet.

Northeast 820 Business Tower II, with 40,450 square feet on 5 floors, is a Class B office buildling located at 301 NE Loop 820 in Hurst, Texas.  Tower II was originally built in 1980 on 1.72 acres and has a typical floor size of 8,090 square feet.

For more information relating to Northeast 820 Business Towers I and II, please contact Jeffrey Day, CCIM in Centra's Fort Worth office at 817-338-1800.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals with our professional leasing, management and brokerage services.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the exclusive leasing and management assignment for Gessner Park Apartments in Houston, Texas.

Located at 1776 N. Gessner Road, Gessner Park Apartments is a 226 unit garden-style apartment complex in the Memorial City area of Houston. Gessner Park Apartments is situated on 8.18 acres and contains a total of 199,934 square feet. Gessner Park Apartments were originally constructed in 1970 and renovated in 2000. Gessner Park Apartments will soon begin another renovation scheduled for completion in April 2010.

For more information relating to Gessner Park Apartments, please contact Tina Cavaco in Centra's Houston office at 281-444-4868.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals with our professional leasing and management services.

The sale price of Hillside View apartments has recently been reduced to $4,395,000 or $26,006 per unit. 

Hillside View is a 169 unit multifamily apartment complex for sale in Fort Worth, Texas located in the heart of the Dallas-Fort Worth Metroplex.

The complex is situated on 6.39 acres with 4 floorplans and a total of 144,839 square feet.

The property was originally constructed in 1981 and has seen several major upgrades and renovations in the recent past.  Amenities include:  washer/dryer connections in select units, ceiling fans, large closets, patios, storage areas, a community swimming pool and 292 surface parking spaces.

Hillside View represents a value-added opportunity for an investor looking to increase investment value through higher occupancies and by capturing higher market rents as current leases expire.

For more information, please visit the link below or call Jeffrey Day in Centra's Fort Worth, Texas office at 817-338-1800.

If you own real estate in the Southwest United States, let Centra Partners help you achieve your leasing and management goals.

If you are considering purchasing real estate in the Southwest United States, let our brokers help you find the right asset for your investment needs.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the exclusive management assignment for Riverbend Tech Center, a 392,459 square foot industrial facility located in Fort Worth, Texas.

Situated on 23.09 acres, the property comprises 5 office/warehouse and distribution buildings in the Riverbend Business Park strategically located in the heart of the East Fort Worth industrial submarket and approximately 17 miles southwest of the Dallas-Fort Worth International Airport.

If you own real estate in the Southwest United States, let Centra Partners, LLC help you achieve your goals.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the Exclusive Leasing assignment for the Red Oak Professional Center, located at 17320 Red Oak Drive, Houston, Texas 77090 beginning June 1, 2009.

The Red Oak Professional Center is a 40,406 rentable square foot Medical/Office Building located in the heart of the Houston Northwest Medical Center Market Area. It's location, modern construction including marble and wood accents, glass exterior and above market tenant finishes make it stand out in stature and prominence.

Red Oak Professional Center has 22,237 rentable square feet immediately available for lease.  The largest contiguous space available for lease is 13,299 located on the second (2nd) floor.

For more information, please visit the below link or call Trey Young in Centra's Houston office at 281-444-4868.   

Centra Partners, LLC has recently assumed the exclusive management assignment for a 23, 570 square foot office building on South Hulen Street in Southwest Fort Worth, Texas.

The office building is 100% leased.

If you own real estate in the Southwest United States, let Centra Partners help you achieve your goals.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the exclusive management assignment for a 75,000 square foot office building in Houston, Texas.

The office buildling is located at 1451 Falling Creek Drive, Houston, Texas 77068 near Centra's Houston office at 3730 FM 1960.

Centra Partners will have an onsite Management Office on the first floor of the Falling Creek building.

If you own real estate in the Southwest United States, let Centra Partners help you achieve your goals.

Please visit www.CentraPartners.com and the Contact Us page for the appropriate contact person.

Centra Partners, LLC has recently assumed the Exclusive Sub-Leasing assignments for the following Fort Worth office suites:

309 West 7^th Street - Suite 300

9,074 Rentable Square Feet

Fort Worth Central Business District

Rental Rate = $13.00 per square foot plus electricity

 

309 West 7^th Street - Suite 500

7,956 Rentable Square Feet

Fort Worth Central Business District

Rental Rate = $13.00 per square foot plus electricity

 

8851 Camp Bowie West - Suite 100

5,528 Rentable Square Feet

Far West Fort Worth

Rental Rate = $15.50 per square foot, full service

 

The office suites are newly finished out and are available for immediate occupancy at below market lease rates.  For more information, please contact either Ted St. Clair, Jr. or J. David Cason in Centra's Fort Worth office at 817-338-1800.