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Historic Sinclair Building Sold In Downtown Fort Worth

December 24,2013

Fort Worth Texas 725px I Stock Photo 600

Reposted from the Dallas Business Journal.

by Lance Murray, 
Digital Content Producer-Dallas Business Journal

A local investment group has bought the historic 16-story art deco Sinclair Building in downtown Fort Worth.

The Fort Worth Star-Telegram reported that the building at 512 Main St. was sold by Sinclair Building Partners to a group called Sinclair Holdings Llc.
Sinclair Building Partners is headed by Fort Worth accountant Richard Baumeister and the group has owned the building since 2006. The names of the investors in Sinclair Holdings are not being disclosed, the Star-Telegram said. Nicholas Pappas, the attorney for the group, is listed as Sinclair Holdings manager on state filings, the newspaper said.

The Star-Telegram said that Sinclair Holdings financed the deal with a $7.1 million note from Southwest Bank in Fort Worth.

Lance Murray edits and writes for the DBJ's website and can be reached at 214-706-7106

To read the original article, click here.