Friday, May 01, 2009

Grubb & Ellis will market Champions Circle in Fort Worth

The Dallas office of real estate service firm Grubb & Ellis Co. said Wednesday that it’s been selected to lease Champions Circle, a mixed-use development planned for north Fort Worth.

The 279-acre complex will be built at the corner of State Highway 114 and Interstate 35W next to an existing Marriott conference center hotel with a Greg Norman-designed golf course. It will have retail space, offices, entertainment and residential construction.

The project is being done by Line Diversified Development and Interra Development Group LLC.

Interra is developing the project's first entry, a two-story, 120,000-square-foot office building. Wednesday’s announcement did not include any details about when it's scheduled to open.

Ultimately, Champions Circle will have more than 3 million square feet of space and will cost more than $300 million. Developers say it will create approximately 7,000 jobs and generate about $15 million in tax revenue annually for the city of Fort Worth.
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By STEVE BROWN / The Dallas Morning News