FORT WORTH, TX-The Sinclair Building has been sold to a local investment group, Sinclair Holdings, LLC, according to local media reports.
The 16-story art deco office building at 512 Main St. was sold by Sinclair Building Partners, a a group that had owned the property since 2006.
Sinclair Holdings financed the bul with a $7.1 million loan with Southwest Bank in Fort Worth, according to the Fort Worth Star-Telegram. The building was about 60% occupied when the deal closed on Dec. 13. The 95,000-square-foot asset is a Texas Designated Landmark, and is also listed in the National Register of Historic Places. Completed in 1930, the Sinclair Building's anchor tenant for many years was the Sinclair Oil Co.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
