Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX. Inc. announces the disposition of 17.2 acres of land located at 820 North Business Parkin Fort Worth, Texas.
The 820 North Business Park property, also known as Longhorn Business Park, was initially purchased by Silver Star Properties in 2009. Following the purchase, Silver Star Properties held the land for 10 years before selling two of the nine parcels totaling 9.9 acres in 2019 to Champion Realty Advisors.
In 2020, Silver Star Properties completed plans to develop two traditional warehouse/flex buildings on the remaining 7 parcels of land to meet the increasing demand for logistics in the DFW area. Primely located just off Interstate 820 and conveniently positioned 2 miles from the Fort Worth Meacham Airport, the property poses significant potential for return once complete.
“The disposition of this land reflects the beginning of our processes to maximize shareholder value as we navigate the changing real estate landscape,” shared Silver Star Properties’ CEO Mark Torok.
About the Company
Silver Star Properties has extensive experience acquiring, owning, managing, and leasing commercial office, retail, light industrial, self-storage, and warehouse properties located in Texas. Since 1983, the Company and its affiliated entities have sponsored 27 programs and acquired interests in more than 90 real assets totaling over $805 million.
