Houston, Texas, November 1, 2018 – Fifth Corner announces that it has completed the acquisition of 2836 Bledsoe in Fort Worth, Texas. This 100% occupied property is home to the original Rodeo Goat restaurant along with Global Prairie, an international marketing firm. This is the fifth property acquisition for Fifth Corner Property Fund I, LP (“the Fund”) since the closing of its initial capital commitments in February 2018.
2836 Bledsoe is comprised of one building with approximately 11,000 square feet of improvements situated on 0.48 acres and is contiguous to 2800 Bledsoe, which the Company acquired in June 2018. The combined property contains approximately 33,000 square feet of improvements, 4,600 square feet of patio space and is situated on a combined 1.6 acres of land. The West 7th District is located within close proximity to Downtown Fort Worth, Texas Christian University (10,000 students), the Trinity River Park, the Cultural District (including the Kimball Art Museum), the University of North Texas Health Science Center, the Will Rogers Memorial Center and the new, 14,000-seat Dickies Arena (scheduled to open in November 2019). The location is situated in an urban-infill, mixed-use area of Fort Worth and major path of growth for this part of the Dallas-Fort Worth Metroplex.
“We are excited to assemble 2836 Bledsoe with 2800 Bledsoe within the vibrant and growing West 7th District.” said Tim Ng, Senior Vice President at Fifth Corner. “The combined property will provide us with economies of scale to create value for our stakeholders and is well positioned at the corner of Bledsoe and Currie Street, with Currie Street becoming a major north-south artery connecting the new Dickies Arena with the West 7th District.”
ABOUT FIFTH CORNER
Fifth Corner is a Houston-based real estate company comprised of local sharpshooters investing and creating value on Irreplaceable Corners™ – retail and mixed-use properties in targeted urban and emerging urban submarkets. For more information, please contact Chad Braun at cbraun@fifthcorner.com.
Forward-Looking Statements
Statements included herein that state the Company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbors created thereby. Such statements, by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by these statements.