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Fort Worth-based investment firm, Bridge Cap Partners, has sold a 4-acre development site just east of the city limits. The property at 2525 Handley Ederville Road in Richland Hills was acquired by G-Catch, an entity tied to local businessman Andy Hickson. Hickson plans to build a mix of retail and flex office space on the site, taking advantage of its zoning that allows for light industrial and retail uses.

    Flex office space has gained popularity as businesses seek adaptable environments that can serve multiple purposes. The sales price was not disclosed, but the land was last appraised at $606,333. The transaction closed in June after three months on the market, facilitated by Younger Partners' Michael Ytem representing Bridge Cap and Stream Realty Partners' Forrest Cook representing G-Catch.

    The site is across from the Tarrant Appraisal District offices and was previously home to a 150,000-square-foot Advanced Foam Recycling building that was damaged by fire in 2021. With zoning supporting diverse business uses, the site is poised to attract tenants seeking flexibility and access to the Dallas-Fort Worth metroplex.

    "For East Fort Worth, high barriers to entry coupled with excellent labor and connectivity make it a highly sought-after industrial market," said Forrest Cook of Stream Realty Partners.