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KB Alexander Plans Four-Building Project

HURST, TX-The Tarrant County developer buys 2.2 acres for a 52,560-sf flex office project, Stonehenge Hwy. 10 Business Park.

By Connie Gore | Updated on April 28, 2008

HURST, TX-With deals in the works, Stonehenge Equity Partners is eyeing a June groundbreaking on a four-building flex office project in the Mid-Cities. The company plans to build 52,560 sf on the 2.2-acre tract.

The development site at 1161 W. Hurst Blvd. sits along a North Tarrant County stretch of highway poised for expansion to a six-lane boulevard, according to the buyer, Keith Alexander, owner of K.B. Alexander Co. of Texas Inc. Alexander tells GlobeSt.com that the project, Stonehenge Hwy. 10 Business Park, will represent an all-in cost of $1.8 million for the Fort Worth-based construction company.

“That’s why we think our spot is such a great location,” says Rob Rutherford of Rutherford Realty in Southlake, TX, who brokered the site acquisition for the newly formed development partnership. The land, which was on the market several years, was tagged at $2.11 per sf or $265,000. Chris Stewart of Coldwell Banker Commercial Kelly Geren & Searcy in Fort Worth represented the local seller.

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