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GrandMarc at the Corner

GrandMarc at Westberry Place

Property Name:GrandMarc at Westberry Place
Location: Fort Worth, Texas
Description:

GrandMarc at Westberry Place helps to meet the strong demand for student housing with technology-rich amenities. This property, located on the Texas Christian University campus in Fort Worth, Texas, also offers proximity to popular
dining and business storefronts. Behringer Harvard provided an $8.1 million mezzanine loan as a prelude to acquiring a 50 percent partnership interest in the ownership of the property.

The GrandMarc at Westberry Place features 644
beds totaling 261,000 square feet of rentable space, as well as 23,000 square feet of retail space. The property is anchored by a Citibank branch and Perrotti’s Pizza, a popular restaurant. Future plans call for a coffee shop, tanning salon, and other businesses popular with students and faculty.

Additional amenities of the property include a spastyle swimming pool, Internet café, media room, fitness facility, Wi-Fi hot spots, study spaces, and landscaped courtyard with outdoor grills.

Texas Christian University is a nationally ranked
university with a reputation for strong community
and school spirit.

The beautiful campus is conveniently located
in proximity to entertainment and cultural
opportunities, such as museums, the zoo, and a
sporting arena.

Property Highlights:

  • Located on the Texas Christian University campus
  • 261,000 square feet of rentable space
  • 23,000 square feet of retail space that is slated to hold a coffee shop, tanning salon, and more
Year Built: 2006
Project Size:261,000 sq. ft . residential
23,000 sq. ft . retail
Investment: Mezzanine loan convertible into 50 percent partnership interest
Investment Date:February 2007
Investment of
Behringer Harvard
Fund(s):
Opportunity REIT I, Inc.

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