June 21, 2013 Star Telegram

06/21/2013 Star Telegram

Caffey Group moving to west Fort Worth

By Sandra Baker
This email address is being protected from spambots. You need JavaScript enabled to view it.

Arlington-based SkyWalker Property Partners and the Caffey Group have bought the 50,686-square-foot Atrium Center office building on Camp Bowie West in Fort Worth.

The Caffey Group, a project management and consulting firm in the oil and natural gas industry, will relocate in September from 309 W. Seventh St. in downtown Fort Worth to the building, 8851 Camp Bowie West, and lease 10,419 square feet of space. Caffey Group has an option to buy the three-story building.

Mark Caffey, the Caffey Group’s CEO, and Marty Oakes, chief financial officer, are original investors in the Hangover Opportunity Fund, a real estate investment fund led by Gary Walker, SkyWalker Property’s president.

The building is being renamed Atrium West, the buyers said. The building is 58 percent leased, but will jump to 78 percent when Caffey moves in. Its largest tenant is the city of Fort Worth's engineering department, which occupies the entire 16,141-square-foot third floor.

“We'd always talked about owning our own building,” Oakes said. “It made sense to partner with someone we knew.”

Theron Bryant with SCM Real Estate represented SkyWalker Property. Jack Clark with Red Oak Realty represented the seller, Hwy 80 Capital LP.

The new owners said they will spend $100,000 on building upgrades.

Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST

Caffey Group is a member of:

fw chamber

Energy Education

AAPL
American Association of Professional Landmen is a professional organization that unites approximately 17,000 landmen and land-related persons through professional development and service.
(2714 Hits)
Barnett Shale Energy Education Council
Is a community resource that provides information to the public about gas drilling and production in the Barnett Shale region in North Texas.
(2779 Hits)
Texas Railroad Commission
The Railroad Commission of Texas was established in 1891 under a constitutional and legislative mandate to prevent discrimination in railroad charges and establish reasonable tariffs.
(3067 Hits)
TX Commission on Environmental Quality
The Texas Commission on Environmental Quality strives to protect our state's public health and natural resources consistent with sustainable economic development.
(2647 Hits)