Lionstone Investments and PegasusAblon acquire Fort Worth’s Foch Street Warehouses

October 21st, 2015 by Jessica MacDonald

DALLAS, Texas –October 21, 2015– PegasusAblon announced today that it has arranged the purchase of the Foch Street Warehouses on behalf of the buyer, Lionstone Investments. Located at 921 and 1001 Foch Street in Fort Worth, the 136,297 square foot retail center is currently 90% leased.

The property is located in the heart of the West 7th street district, Fort Worth’s premier shopping and entertainment destination. The Foch Street Warehouses are minutes away from major thoroughfares including I-30 and I-35W. The property is surrounded by over 850 luxury apartment units and is situated just three miles from the TCU campus creating powerful daytime and nighttime populations.

“The Foch Street Warehouses provide the unique restaurants and highly personalized service providers the experience economy is looking for,” said Michael Ablon, Principal of PegasusAblon.

The Foch Street Warehouses are currently 90% leased to a diverse group of 34 tenants which include small soft goods shops, creative office space, health and wellness studios and high volume restaurants.

“We view the Foch Street Warehouses as an asset with strong value-add investment potential as well as long-term stability,” said Dan Dubrowski, Principal, Portfolio Management Lionstone Investments. “We think this property thanks to its excellent location, will maintain its powerful market position over the next consumer cycle.”

CBRE represented the seller.

Asset management and leasing services for the property will be provided by PegasusAblon.

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