Parkway Announces Acquisition of Fort Worth Property
Parkway Announces Acquisition of Fort Worth Property
Parkway acquired two contiguous surface lots totaling 110 spaces in Downtown Fort Worth from two different sellers. The combined lot will be operated by Platinum Parking and is close to the Fort Worth Convention Center, Texas A&M Fort Worth campus, Eldon B. Mahon Federal Courthouse, Fritz G. Lanham Federal Building, Burnett Plaza, Texas Workforce Commission, and Fort Worth City Hall. The property is well positioned relative to significant multi-phased development plans at neighboring Texas A&M Law School, the first phase of which has broken ground and is well underway.
A Parkway affiliate, Parkway U.S. Land Carry Fund I, LP, completed the acquisitions. This acquisition is the Fund's tenth purchase as part of its national strategy and adds to a portfolio of locations across the country.
We continue to look for surface parking acquisitions across the country.