Economic Updates

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In the Works

ATC Electronics & Logistics Inc is likely to win tax breaks in Fort Worth after the city council voted unanimously to designate 2 north Fort Worth parcels as tax abatement reinvestment zones in which property is eligible for a tax abatement. The company already has three separately leased locations in Fort Worth.
Fort Worth Business Press, October 2, 2012

Victory Healthcare, a Woodlands-based, for-profit hospital, announced plans to build a $70 million specialized surgical hospital in Fort Worth.
Dallas Business Journal, October 5, 2012

Amazon.com is considering 2 Dallas-Fort Worth sites for distribution centers. In addition to asking the City of Coppell for tax breaks for a possible distribution center in the city, the company is also looking at a site near Alliance Airport in Fort Worth.
Dallas Business Journal, October 8, 2012

 The Texas Department of Transportation reached a tentative $1.6 billion deal with a private developer to expand Interstate 35W in north Fort Worth, which is the most congested stretch of highway in the state. The project is expected to begin in 2013 and be completed by 2018.
Star-Telegram, October 11, 2012

A 105-bed assisted-living center for the elderly and those with dementia and Alzheimer’s is planned for Fort Worth near Bryant Irvin and Interstate 20 by SRP Medical and Frontier Management. The 100,000 square foot senior living community is expected to open in 2014.
Star-Telegram, October 12, 2012

Baylor Health Care System and United Surgical Partners International Inc are constructing a 77,000 square foot, two-story surgical center in Fort Worth. The center will be located on the north side of Park Place Avenue.
Fort Worth Business Press, October 15, 2012

Flexpipe Systems, a Calgary-based pipeline systems producer, asked Fort Worth for a maximum $2.2 million, 12-year property tax abatement, with plans to open a plant in southeast Fort Worth that would employ as many as 350 people. Fort Worth City Council is scheduled to vote on the abatement plan on November 6th.
Star-Telegram, October 17, 2012

 

Expansions and Moves

Cash America International, a Fort Worth-based company, says it has agreed to buy 34 pawnshops in Tennessee, North Carolina, Kentucky, and Arizona. The final acquisition price is between $68 and $82 million, which will be paid in cash and funded by long-term lines of credit.
Star-Telegram, October 10, 2012

On the Dotted Line

Southside Christian Center sold its facilities to Bethany Church of Fort Worth. Southside Christian also sold its property at 6901 Wichita Avenue to the city of Forest Hill.
Star-Telegram, October 1, 2012

Utopia Graphix leased 12,000 square feet of warehouse space at 814 Blue Mound Road in Fort Worth from Steele Folsom Martin.
Star-Telegram, October 8, 2012

MJ Thomas Engineering, a civil engineering firm, leased 2,700 square feet of office space for a headquarters at 3973 West Vickery Boulevard in Fort Worth.
Star-Telegram, October 8, 2012

Anpeca Corp, a women’s apparel manufacturer, bought a 12,600 square foot building on Montgomery Street in Fort
Worth. The building was previously used by Toby’s Speakers and Blocker Industries.
Star-Telegram, October 8, 2012

Motion Industries, which does business as Hub Supply, leased 9,000 square at 2517 Gravel Drive in Fort Worth and 3,600 feet at 7545 Pebble Drive in Fort Worth.
Star-Telegram, October 8, 2012

LMS Properties purchased 67,700 square feet of industrial warehouse space at 9001 South Freeway in Fort Worth.
Fort Worth Business Press, October 8, 2012

 Total Wine & More leased 27,350 square feet in the Hulen Fashion Center in Fort Worth. For $317 a year, wine drinkers can keep 12 cases of wine in temperature-controlled conditions.
Star-Telegram, October 15, 2012
/ Star-Telegram, October 25, 2012

Texas Midstream Gas Services leased 20,648 square feet in the D.R. Horton Tower in Forth Worth.
Star-Telegram, October 15, 2012

Edgepark Medical leased 70,000 square feet of industrial space.
Star-Telegram, October 15, 2012

The owner of Nissan of Fort Worth completed a sale and lease-back of the dealership property as part of a $66 million portfolio sale to an entity of the New York-based investment firm WP Carey & Co.
Star-Telegram, October 18, 2012

ATC Physician Services leased 1,800 square feet of office space at 4770 Bryant Irvin Court in Fort Worth.
Star-Telegram, October 22, 2012

Title Boxing Club leased 5,404 square feet in the Hulen Fashion Center in Fort Worth.
Star-Telegram, October 22, 2012

Dr. Michael Boothby bought 69,020 square feet of land at Edwards Ranch Clearfork in Fort Worth.
Star-Telegram, October 29, 2012

EO Wood Co leased 36,230 square feet of industrial space at 1832 Mony Street in Fort Worth.
Star-Telegram, October 29, 2012

Arnetic Events LLC leased 13,088 square feet of office space at 3000 Race Street in Fort Worth.
Star-Telegram, October 29, 2012

Hunter Chase Capital Partners bought 74,270 square feet of land at Loop 820 and Team Ranch Road in Fort Worth.
Star-Telegram, October 29, 2012

 

Openings

3 Parrots Taco Shop opened its third location at the Beach Western Commons shopping center in Fort Worth. The Baja taco shop leased a space at 6650 North Beach Street. The other restaurant locations are in Benbrook and Granbury.
Star-Telegram, October 1, 2012

Houlihan’s, a Kansas-based dining chain, opened its first Fort Worth location this month at 9365 Rain Lilly Trail in Alliance Town Center. The restaurant will feature a new menu with items not found at other locations.
Fort Worth Business Press, October 19, 2012

Torchy’s Tacos, an Austin-based taco diner, will open in December at the corner of West Rosedale Street and Forest Park in Fort Worth.
Fort Worth Business Press, October 19, 2012

Frank Kent Cadillac opened a new dealership at 3500 West Loop 820. The dealership is 86,000 square feet and features a café, a children’s play area, a dog park, and a boutique wine shop. The dealership is expected to bring 20 jobs to Fort Worth.
Fort Worth Business Press, October 19, 2012

Tim Love, chef of the Woodshed and Lonesome Dove, says he is opening his Love Shack burger restaurant at Blue Bonnet Circle in Fort Worth. Love Shack is expected to open on November 2nd.
Star-Telegram, October 25, 2012

 

Around Town

LaGrave Field, which is home to the minor-league Fort Worth Cats baseball team, was bought by an affiliate of the team’s ownership group for $4.5 million. The transaction guarantees that the team has a place to play.
Star-Telegram, October 3, 2012

The Texas Brahmas, the local hockey team, has been sold to a local investment group that is run by Fort Worth businessman Mike Atkinson. The team also announced that it is changing its name to the Fort Worth Brahmas.
Fort Worth Business Press, October 12, 2012

Catholic Charities took over transportation services for the needy in Fort Worth. The responsibility was previously held by American Red Cross.
Star-Telegram, October 12, 2012

Colonial Savings, a Fort Worth-based regional bank, announced that it is going to be the official sponsor of the Bell Helicopter Armed Forces Bowl game, which will be held at Amon G. Carter Stadium in Fort Worth. The terms of the deal were undisclosed.
Dallas Business Journal, October 18, 2012

 

Out of Town Reporting

UMED Holdings Inc, a Fort Worth-based holding company, acquired a 50 percent interest in Rig Support Services Inc in a stock for stock transaction.
Market News Publishing, October 15, 2012

Fort Worth was one of 5 Texas cities honored with a 2012 Community Economic Development Award from the Texas Economic Development Council. Fort Worth attracted GE Manufacturing Solutions, which purchased a 670,000 square facility in north Fort Worth. The $100 million capital investment is expected to bring more than 500 jobs with annual salaries averaging over $40,000.
US State News, October 23, 2012

Fort Worth Employees Retirement Fund approved a $15 million allocation to BTG Pactual, a Brazilian-based hedge fund. Fort Worth Employees Retirement Fund has $1.8 billion in assets.
Infovest21 News, October 26, 2012

 

Did You Know?

Cutting Edge Haunted House on 1701 East Lancaster Avenue in Fort Worth ranked 5th on a national list of 31 haunted houses. The list was compiled by HauntedHouseRatings.com. The rankings were determined by customer electronic voting.
Fort Worth Business Press, October 1, 2012

Loan Portfolio Servicing (LPS), a Fort Worth-based company, announced that it is now active as a national third-party servicer of subprime automotive loans. LPS currently manages $50 million in auto portfolios.
Fort Worth Business Press, October 11, 2012

A new manufacturing jobs training program aimed at putting military veterans to work is coming to Fort Worth. As part of the program, some of the nation’s leading manufacturing companies will work with local community and technology colleges to offer training to help veterans become certified in areas such as electronics, welding, and machining. The training center should open sometime in 2013.
Star-Telegram, October 16, 2012

The YMCA of Metropolitan Fort Worth and the city of Fort Worth agreed to renovate some vacant sports fields at 4230 Alta Mesa Boulevard, near Southwest High School. The new $2 million sports complex is scheduled to open its first phase in May 2013.
Fort Worth Business Press, October 22, 2012

For more economic updates, visit our Economic Development website. 

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