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5,600-SF Lease Jump-Starts Office Project

FORT WORTH-A dentist-turned-investor is poised for the construction start of an 8,000-sf, two-story building after landing Republic Title for the first floor.

By Connie Gore | Updated on November 14, 2007

FORT WORTH-A well-known local professional is nearing the construction start of a two-story, 8,000-sf office building on his two-acre holding in the city. The firing pin for the project start is a 5,600-sf, long-term lease with Republic Title Co.

Matt Carter, senior vice president for Innovative Developers Inc., tells GlobeSt.com that ground will break in 30 days on the office project for Dr. Bill Bonnell. The development plan for 3737 Hulen St. requires adding a parking lot to Bonnell’s dental clinic across the street because employees have long used the one-acre tract for parking overflow. The owner of record is K/NECI Ltd., Bonnell’s investment partnership.

Bonnell intends to set up an office part of the new building’s second floor and find a tenant for the balance. He says all-in development costs are still being fine-tuned. Based on current construction costs, the bricks and mortar alone is roughly $1.2 million. Bonnell has amassed nearly a full city block along Hulen Street, a primary thoroughfare supported by higher end residential and retail.

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