A company tied to The Federalist Society has bought the vacant building at 907 Houston St., one more sale in a section of southern downtown that has drawn buyers as the convention center grows and Texas A&M builds nearby, the Fort Worth Report said Monday.
The Report described the buyer only as a company affiliated with the conservative legal organization. It did not say how the group plans to use the space or what it paid.
Location was the draw
The three-story, 7,131-square-foot building dates to 1905 and sits between the Hogan Building and Peters Bros. Hats, a hat shop that opened in 1917.
"The buyers indicated the location close to Texas A&M and the law school was very important," Shane Benner, a first vice president at the brokerage Bradford, told the Report. Benner and Bradford senior vice president Courtney Stanford worked for the seller, 907 Houston Street LLC. Westport Capital is listed as the owner.
The building was listed at $1.8 million, and Benner said the buyer made the first offer and the deal closed a little below that price after little back-and-forth. The Tarrant Appraisal District puts the property's value at $1.5 million, the Report said.
