Historic office building with unique conference room up for sale in downtown Fort Worth

September 21,2020


See full Fort Worth Star-Telegram article by Luke Ranker here.

That pesky situation where the conference room is not on the same floor as your office has been solved in this downtown Fort Worth space that was once a parking garage.

The historic Winfield Place building at 210 E. Eighth St. is on the market with Transwestern Real Estate Services as the agent. The 33,064 square foot, three-story office building recently went through a $7 million renovation.

Winfield Place was Fort Worth’s first parking garage when it was built in 1919 and features a large elevator that was once used to move cars between floors. During the 2016 restoration, the elevator was converted into a glass-sided conference room. It’s fully functional, so tenants can use the room on any floor with the push of a button.

“Winfield Place presents a rare opportunity to purchase a fully renovated and iconic office building,” Transwestern Principal Kirk Kelly said in a statement. “The property is ideal for an investor or user that is looking for a plug-and-play office opportunity, and it is well-suited for a single or multiple tenants.”

A spokesman for Transwestern said the listing price was not going to be disclosed. The building has a market value of a little more than $2.9 million, according to the Tarrant Appraisal District.

In a statement, Transwestern said Fort Worth’s office space market should remain strong. The labor force has grown by about 30% in the last nine years, more than the national average, according to the company.

“Downtown Fort Worth has historically shown stability during economic downturns as it hosts the city’s highest quality office space and a dynamic urban environment that caters to creative office users,” said Andrew Matheny, Research Manager for Transwestern. “These factors—along with Fort Worth’s cost advantages—lead us to expect office demand to remain relatively unchanged in the long run.”

The building is between the Fort Worth Convention Center and Trinity Metro’s Central Station on the corner of 8th and Calhoun. The property is currently owned by Left Deep Left LP.