Transwestern Real Estate Services (TRS) announced University Centre I, a 99,267-square-foot, six-story office building located at 1300 S University Drive, has sold to 2SP Partners LLC, a local real estate investment group. Transwestern’s Kyle Poulson and Gibson Duwe represented the buyer in the transaction. The new ownership plans to significantly upgrade the common areas, lobby and tenant suites.
Current tenants in the building include financial groups, energy companies and law firms. The property is minutes from amenities such as Colonial Country Club and Texas Christian University and has direct access to I-30. In addition to handling the building sale transaction, Transwestern will now take over office leasing for the project.
According to Transwestern research, companies are universally demanding better office amenities to compete with remote and hybrid work. Rising construction costs have driven rents at Fort Worth’s newest buildings over $55 per square foot. University Centre’s enhanced amenities will offer significant value for tenants.
Frank Taylor with JLL represented the seller.
