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February 21, 2018  

Hines Shows Pier 1 HQ in Fort Worth

Hines has teed up a single-tenant office tower in Fort Worth, Texas, that could attract bids of about $93 million.The 410,000-square-foot building, in the Central Business District, is fully leased to housewares retailer Pier 1 Imports through 2027. At the $229/sf estimated value, the buyer’s initial annual yield would be 7.5%. CBRE has the listing.The Class-A property, on a 12-acre site at 100 Pier 1 Place, was built in 2004 as Pier...

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