FORT WORTH, TEXAS 76107 – July 2023 LanCarte Commercial Real Estate is proud to announce the sale of approximately 26 acres of privately-owned land on Panther Island. The sale represents the largest single capital investment for land from the private sector and coincides with the ongoing collaborative planning efforts between public and private stakeholders.
Sarah LanCarte CCIM, SIOR, Daniel Shelley, and Darren Cain of LanCarte Commercial represented the seller, Panther Acquisition Partners, Ltd., a private Texas-based real estate investment firm. Seco Ventures, a commercial real estate development and investment firm in Austin, acquired the portfolio asset.
“We are incredibly pleased to have reached this agreement with Seco,” said Mark Brock, Managing Partner at Lionhead Real Estate. “This transaction allows us to partially exit the investment while maintaining a significant ownership stake alongside our partners. We have spent the last several years consolidating a hugely strategic land package on Panther Island and believe we have partnered with the right family at the right time”.
The asset spans nine parcels over 26 acres of land, making it the largest private assemblage on Panther Island. Over the last several decades, the Seco partners have established an impressive history of success by spearheading the development and delivery of numerous iconic projects in Austin.
Sarah LanCarte notes, “The timing of this legacy transaction continues the momentum building on the Island over the last eighteen months. We could not be more excited for our clients and share our enthusiasm for what the new owners are capable of. Few opportunities like this exist in major cities across the country; we could not be more enthusiastic about the future of Panther Island and the lasting impact it will have on the City of Fort Worth.”
LanCarte Commercial is the leading local expert when it comes to forging the future of Fort Worth. As a Fort Worth-based company, they are uniquely invested in the success and growth of this area and look forward to the revitalization of Panther Island.
RELENTLESSLY PURSUING WHAT MATTERS. From commercial investments to brokerage services, LanCarte Commercial is a dynamic team of real estate professionals using entrepreneurial thinking to shift the paradigm of commercial real estate. Our innovative strategies maximize each opportunity and lay the foundation for a long-lasting partnership.