Texas Health Resources Buys 8-Acre Property in Burleson
By Sandra Baker and Andrea Jares, Fort Worth Star-Telegram, Texas
Feb. 18–Texas Health Resources, the Arlington-based nonprofit organization that operates the Harris Methodist hospitals, has purchased 8.03 acres in Burleson.
The property, which was sold by First Baptist Church of Joshua, is at the southwest corner of Texas 174 and Granbury Road.
“We’re building a 40,000-square-foot project, which will include hospital services and physician offices,” Texas Health spokeswoman Reace Alvarenga-Smith said.
Alvarenga-Smith said the building won’t be a full-fledged hospital, but she couldn’t say which medical services it will provide.
No construction date is available yet.
Lester Day, a broker with NAI Huff Partners, represented the seller.
— Maria M. Perotin
Real estate conference
National real estate experts will discuss the issues and opportunities associated with commercial real estate investing at the Investment Strategies Conference on Thursday at Texas Christian University in Fort Worth.
Cost is $20 per person, or $10 for TCU faculty, staff and students, and includes dinner. The event will run from 3:30 p.m. to 7:30 p.m. in Room 104 of Smith Hall. The conference is being presented by LKCM Center for Financial Studies at the Neeley School of Business.
Panelists include:
Marc Holliday, chief executive of SL Green Realty Corp., a $6 billion market cap real estate investment trust.
Roger Orf, partner, Citigroup Property Investors.
Jacques Gordon, global strategist, LaSalle Investment Management.
Rob Kochis, partner, Townsend Group.
Blaire Lyne, partner, TA Associates Realty.
Joe Rodriquez, director, Securities Management.
For information or to register, call 817-257-7788. Registration deadline is today.
— Sandra Baker
Company buys building
Wesco Refractories, a manufacturer of plastics, coatings, mortars and castable forms, has bought the building it moved to when it left Fort Worth in December.
The 32,000-square-foot building at 301 Sixth Ave. in Mansfield and 5 acres were sold by Johnson Warehouse San Diego Ltd. Before Wesco, the building was used by the San Diego-based oilfield services company.
Wesco Refractories is owned by Richard and Shirley Showmaker. The company moved to Mansfield from Fort Worth in December.
Karen Simon, executive vice president and managing director of Bradford Commercial Realty, and Nick Talley, also of Bradford, represented the seller.
Trent Gilley, also of Bradford, represented the Showmakers.
— Sandra Baker
Golf shop reopens
Golf Etc. has reopened in Southlake with a new look and a new emphasis on women’s golf gear. Elaine Cash, new owner of the 7-year-old franchise, closed the shop for six weeks for extensive renovations. It is at 480 W. Southlake Blvd., Suite 111.
— Andrea Jares
Senior center planned
Colleyville-based Realty Capital Partners has assembled a group of investors called RCP Lakeview Senior Living to buy 5.83 acres in Carrollton. The group is funding the purchase and acquisition of an independent senior living center there. The developers are Zerga Development and The Covenant Group.
— Andrea Jares
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