OFFERING MEMORANDUM · One of the newest warehouse venues in Fort Worth, with a unique and authentic vintage vibe. O.B. Mac has become one of the most sought after event venues in

OFFERING MEMORANDUM

108 SOUTH FREEWAY

FORT WORTH, TX 76104

PRESENTED BY

DEVELOPED BY

OB MAC

I. Executive Summary

PROPERTY OVERVIEW

II. Location Overview

LOCATION MAPS

AERIALS

NEAR SOUTHSIDE DISTRICT

III. Floor Plans and Conceptuals

IV. Photos

V. Survey and Plat

VI. TenantProfiles

VII. Workforce & Employment

NEAR SOUTHSIDE DISTRICT ESTABLISHED AND EMERGING INDUSTRIES

VIII. Economic Incentives

TABLE OF CONTENTS

I. EXECUTIVE SUMMARY

41,427 SF

Approximately 3,000 - 14,800 SF

1.358 AC / 59,170 SF

1860 / 2017-2018

Contact Broker

“J” - Medium Industrial

75 Spaces (can be expanded)

Roof replaced in April 2019

TIF District #4Neighborhood Empowerment Zone

Designated Investment Zone

Total Building Area

Available SF

Land Area

Year Built/Renovated

Sales Price

Zoning

Parking

Roof

Economic Incentive Overlays

PROPERTY OVERVIEW

LanCarte Commercial is pleased to present the exceptional opportunity to acquire the O.B. Mac

building, a historically significant and recently renovated asset in the heart of the Near Southside

District of Fort Worth, Texas. Positioned minutes from Downtown Fort Worth, the building offers

an owner, user, or an investor the rare opportunity to own one of the most well-known buildings

in Fort Worth.

II. LOCATION OVERVIEW

LanCarteCRE.com | 209 N. Hampton Street, Fort Worth, TX 76102 | 817.409.4040




Approximately 40,000 jobs fuel Tarrant County’s second largest

employment center. At the heart of the Near Southside’s Medical

District are Tarrant County’s six major medical centers, in addition to

hundreds of independent specialists and clinics, forming the largest

cluster of healthcare employment in North Texas. Creative firms also

play a growing role in the economic diversity of the District. Advertising

agencies, film and recording studios, architects, engineers, and more are

calling the district home. Further diversifying the employment base

is a dense concentration of industrial manufacturing, financial services,

and non-profits. Acting as a model for other cities, the Near Southside

has achieved a rare balance between a world-class medical district, small

local businesses, and passionate residents.

Since 2015 nearly 1,700 multi-family units have been built within the

District. Four new projects are currently under construction totaling

810 units, with another 310 units proposed, along with many new

townhome developments.

RESIDENTIAL

NEAR SOUTHSIDE DISTRICT


TRANSPORTATION

Public Transportation: Currently, the Near Southside enjoys convenient bus service via Trinity

Metro, with five routes serving the district’s major employers and destinations. Rail transit at the

regional level provides another choice for workers traveling to and from Near Southside jobs. The

T&P Terminal is the final stop on the Trinity Railway Express, and in early 2019 the TEXRail

commuter rail line connected the district to DFW Airport.

Bike-Friendly Streets: Near Southside, Inc. is working diligently to implement the city’s Bike Fort

Worth plan and to make cycling safe and appealing for riders of all levels. Progress is visible, as cyclists

have embraced the Near Southside as Fort Worth’s most bike-friendly district. More information

about The Near Southside can be found in the like below: https://www.nearsouthsidefw.org

COMMUNITY EVENTS AND INITIATIVE

Open Streets: Open Streets is a four hour Sunday event each April that closes Magnolia Avenue to

traffic and opens the roadway up to cyclists, food trucks, dog walkers, skateboarders, yoga classes,

face painters, and much more.

Friday on the Green: Friday on the Green is the monthly concert series presented April through

October by Near Southside, Inc.

ArtsGoggle: Since its inception in 2003, ArtsGoggle has evolved into a popular festival and has

become Near Southside’s largest event.


III. FLOOR PLANS AND CONCEPTUALS

SUITE TENANT SIZE

2-100 2nd Floor Office 7,400 SF

2-200 3rd Floor Office 7,400 SF

GF Ground Floor 26,672 SF



FIRST FLOOR SECOND FLOOR THIRD FLOOR

(with alternate option)


M E LT

T H E O S T R E U M


T E X M A LT

W . D U R A B L E G O O D S


I N T E R I O R C O N C E P T U A L S

IV. PHOTOS


E X T E R I O R

IV. PHOTOS

I N T E R I O R

V. SURVEY


V. PLAT


VI. TENANT PROFILES

TEXMALT

TexMalt is a craft malthouse that partners with local farmers to provide unique and quality malt to breweries and distilleries.

Launching in 2015, the company has experienced unprecedented expansion during the era of craft beers and microbreweries.

Today, TexMalt services over 20 vendors throughout the Near Southside area and runs their production facility out of O.B. Mac.

THE OSTREUM

One of the newest warehouse venues in Fort Worth, with a unique and authentic vintage vibe. O.B. Mac has become one of the most

sought after event venues in the city. The Ostreum, owned and operated by Lynsie Blau (founder of BRIK Venue in Fort Worth),

hosts wedding ceremonies, receptions, galas and other events. The venue can seat 50 - 400 guests and is highly customizable and

convenient.

MELT

Melt is a native Fort Worth ice cream shop with locations in both Fort Worth and Dallas. Started in 2014, Melt was created to bring

joy to communities as well as give back through their philanthropic endeavors. Due to the high demand for their popular seasonal

ice creams, Melt opened their commercial kitchen and factory at O.B. Mac at the end of 2017.

W DURABLE GOODS

Founded in 2012 by Daniel Wright, a Fort Worth native, W Durable Goods celebrates fine craftsmanship, handmade leather

goods and an assortment of vintage products. W Durable’s goal to create and sell timeless treasures that withstand the test of time

embodies what O.B. Mac is all about. Their space at O.B. Mac provides a vintage feel which serves as a studio and storefront.


VII. WORKFORCE & EMPLOYMENT

Baylor Scott & White All Saints Medical Center

Cook Children’s

JPS Health Network

Texas Health Harris Methodist

UT Southwestern

HEALTH SCIENCES

Schaefer Advertising Co.

The Starr Conspiracy

Cockrell Enovations

Red Productions

CREATIVE AGENCIES

Williamson-Dickie

Justin Brands

Dannon

Renfro Foods

MANUFACTURING

Alliance For Children

Lighthouse For the Blind of Fort Worth

The Ronald McDonald House

The WARM Place

NON-PROFIT SERVICE ORGANIZATIONS

MEDICAL FACILITIES

VII. WORKFORCE & EMPLOYMENT


Five established sectors play a key role in the Fort Worth economy (i.e.,

employment, visibility, part of the city’s culture). These sectors comprise a

significant share of total employment across all geographies, accounting for

more than a third of employment in Fort Worth.

ESTABLISHED INDUSTRIES

The industries identified below are identified as target industries for their

sustained impact on the Fort Worth economy and continued importance to

its future growth and development. Fort Worth recognizes the importance

of these industries and looks to prioritize incentives and the investment

of limited public resources in ways that maximize the long-term strategic,

economic, and fiscal impact of those investments into these industries.

Target industries of emerging opportunity:

EMERGING INDUSTRIES

VIII. ECONOMIC INCENTIVES


A Tax Increment Financing (TIF) district is an economic development tool that supports infrastructure improvements within a defined “reinvestment zone.” Municipalities

create TIFs to attract both public and private investment to districts that suffered from decades of disinvestment and blight.

TIF #4 (Southside) was created to promote the revitalization of Fort Worth’s near southside neighborhood and medical district to ensure the area becomes an economically

viable, mixed-use, central city neighborhood. The O.B. Mac building is a cornerstone to the Near Southside and is eligible for these benefits.

Investors who are interested in applying for TIF assistance must go through an application process prior to consideration by the TIF’s Board of Directors.

More information about the process and the TIF can be found in the link below:

https://www.nearsouthsidefw.org/tax-increment-finance

TAX INCREMENT FINANCING DISTRICT #4 – S

The O.B. Mac building enjoys the key benefit of being located within three City of Fort Worth economic incentive overlay districts. Each overlay provides potential

opportunity to add long-term investment value to the building and property after meeting certain requirements. The benefits include tax abatements, city fee waivers, and

improvements to adjacent roads, streetscapes, and public utility infrastructure.

VIII. ECONOMIC INCENTIVES


NEZs are designed to promote economic development and private

investment within a designated area. Municipal property tax abatements,

fee waivers and release of city liens are available to owners who build or

rehabilitate property within a NEZ and meet designated guidelines. The

following properties may qualify for municipal property tax abatements:

• Owner-occupied property

• Multi-family development project

• Commercial, industrial or community facilities development project

• Mixed-use development project

More information about the City of Fort Worth NEZ program can be

found in the link below:

http://fortworthtexas.gov/neighborhoods/NEZ/

NEIGHBORHOOD EMPOWERMENT ZONE (NEZ)

A designated investment zone is an economic development tool that

correlates with the City of Fort Worth Chapter 380 grant program.

Potential incentives could be available for improvements made to the

building or through certain job-creation practices.

More information about the Designated Investment Zone can be found in

the link below:

http://fortworthtexas.gov/EcoDev/chapter-380/

DESIGNATED INVESTMENT ZONE

PRESENTED BY

SARAH E. LANCARTE, CCIM , SIOR

PRESIDENT

817.409.4041

[email protected]

DARREN CAIN

VICE PRESIDENT

832.418.0611

[email protected]

LANCARTE COMMERCIAL REAL ESTATE, INC.

209 N. HAMPTON STREET

FORT WORTH, TX 76102

817.409.4040 | LANCARTECRE.COM

OB MAC

DISCLAIMER

LanCarteCRE.com209 N. Hampton Street | Fort Worth, TX 76102

817.409.4040

LanCarte Commercial Real Estate, Inc. (including its affiliates, subsidiaries, related parties, successors, and assigns, hereinafter referred to singly and collectively as “LanCarte Commercial”) has been engaged as the exclusive listing representative (the “Representative”) by the Owner of 108 South Freeway, Fort Worth, TX 76104 (the “Property”).

The Property is being offered for sale in an “as-is, where-is” condition and the Seller or the Representative make no representations or warranties as the accuracy of the information contained in this Investment Offering. The enclosed materials included highly confidential information and are being furnished solely for the purpose of review by prospective Purchasers of the interest described herein. Neither of enclosed materials, nor any information contained herein, are to be used for any other purpose, or made available to any other person without the express written consent of the Seller. Each recipient, as a prerequisite to receiving the enclosed information, should be registered with LanCarte Commercial as a “Registered Potential Investor” or as “Buyer’s Representative” for an identified “Registered Potential Investor”. The use of this Investment Offering and the information proved herein is subject to terms, provisions and limitations of the confidentiality agreement furnished by the Agent prior to delivery of this Investment Offering.

The enclosed materials are being provided solely to facilitate the prospective investor’s own due diligence for which it shall be fully and solely responsible. They contain selected information regarding the Property and do not purport to be all inclusive or to contain all of the information which a prospective investor may need to conduct its due diligence. The material contained herein is based on information and sources deemed to be reliable, but no representation or warranty, express or implied, is being made by the Representative or the Seller or any of their respective representatives, affiliates, officers, employees, shareholders, partners and directors, as to the accuracy or completeness of the information contained herein. All financial projections are based on assumptions and no assurances can be made that the results will be achieved. Summaries contained herein of any legal or other documents are not intended to be comprehensive statements of the terms of such documents, nor do they constitute legal analysis of such documents. Neither the Representative or the Seller shall have any liability whatsoever for the accuracy or completeness of the information contained herein, or any other written or oral communications, or information transmitted, or made available, or any action taken, or decision made by the recipient with respect to the Property. Interested parties are to make their own investigations, projections and conclusions without reliance upon the material contained herein. The Seller reserves the right, at its sole and absolute discretion, to withdraw the Property from being marketed for sale at any time and for any reason. The Seller and the Representative each expressly reserve the right, at their sole and absolute discretion, to reject any and all expressions of interest or offers regarding the Property and/or to terminate discussions with any entity at any time, with or without notice. This Investment Offering is made subject to omissions, corrections or errors, change of price or other terms, prior sale or withdrawal from the market without notice. The Representative is not authorized to make any representations or agreements on behalf of the Seller.

The Seller shall have no legal commitment or obligation to any interested party reviewing the enclosed materials, performing additional investigation and/or making an offer to purchase the Property unless and until a binding written agreement for the purchase of the Property has been fully executed, delivered and approved by the Seller and any conditions to the Seller’s obligations thereunder have been satisfied or waived.

By taking possession of and reviewing the information contained herein, the recipient agrees that (a) the enclosed materials and their contents are of a highly confidential nature and will be held and treated in the strictest confidence and shall be returned to the Representative or the Seller promptly upon request; and (b) the recipient shall not contact employees or tenants of the Property directly or indirectly regarding any aspect of the enclosed materials or the Property without the prior written approval of the Seller or the Representative; and (c) no portion of the enclosed materials may be copied or otherwise reproduced without the prior written authorization of the Seller or the Representative or as otherwise provided in the Confidentiality and/or Registration Agreement executed and delivered by the recipient(s) to LanCarte Commercial.

The Seller will be responsible for any commission due to the Representative in connection with a sale of the Property. Each prospective purchaser will be responsible for any claims for commissions by any other broker or agent in connection with a sale of the Property if such claims arise from acts of such prospective purchaser or its broker/agent. Any Buyer’s Representative must provide a registration signed by the prospective investor acknowledging said agent’s authority to act on its behalf.

Documents

OFFERING MEMORANDUM · One of the newest warehouse venues in Fort Worth, with a unique and authentic vintage vibe. O.B. Mac has become one of the most sought after event venues in