Search
 

100,000-SF Retail Center Fetches About $20M

FORT WORTH-Today Realty Advisors and Weber & Co. sell the 100,000-sf Cityview Towne Crossing, a 21-acre project along Interstate 20. First Allied of Beverly HIlls, CA marks its third buy from the Dallas-based merchant-build team.

By Connie Gore | Updated on November 26, 2002

FORT WORTH-Beverly Hills, CA-based First Allied Corp. has paid in the neighborhood of $20 million for the 100,000-sf Cityview Towne Crossing, a 21-acre project that delivered earlier this year in one of Fort Worth’s strongest retail corridors outside its CBD.

The 95%-leased project is a joint venture of equity partner, Today Realty Advisors Inc., and developer, Weber & Co. The property went up for sale about three months ago, but First Allied, which had bought before from the Dallas-based Today-Weber team, was earmarked to make the close rather than actively take it to market.

“That buyer is a real buyer for us,” David Brauss, Today Realty Advisors’ asset manager, explains to GlobeSt.com. Ken Shulman of the Staubach Co. in Dallas brokered the sale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.