Consolidated-Tomoka Acquires Retail Center in Fort Worth for $15M
FORT WORTH, TEXAS — Consolidated-Tomoka Land Co., a Florida-based real estate investment firm, has purchased WestCliff Center, a 136,185-square-foot shopping center located at 3563 Alton Road in Fort Worth, from RD Management for roughly $15 million. Situated on 10.3 acres and located less than a mile from Texas Christian University, the property is divided into three contiguous parcels, the asset encompasses four single-tenant properties and one multi-tenant property. The shopping center is currently 96 percent leased to tenants such as Albertsons, which occupies the anchoring 39,000-square-foot property; Cook Children’s Health Foundation, which leases the second largest property, a 38,000-square-foot office building; and Dollar General and Ace Hardware, which share the 55,000-square-foot, multi-tenant building. DuWest Realty represented the buyer in the transaction.