Fort Worth Will Vote on $4.3M Downtown Property Sale

Owners of nearby businesses should monitor how the sale of four city properties to Jun Crown Properties will reshape local foot traffic.

Updated on Sept. 29, 2026 in Openings & Closings

Bold flat-color editorial illustration depicting a stylized brick office building and concrete parking structure, representing municipal real estate. — The Fort Worth City Council will vote on October 13 to approve the $4.3 million sale of four downtown properties to Jun Crown Properties. AI Illustration. Upload story photo >

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The Fort Worth City Council will vote on October 13, 2026, to approve the sale of four city-owned downtown properties to Jun Crown Properties for $4.3 million. This transaction follows the relocation of 1,600 municipal employees to the city's new central offices.

Why it matters

The sale of this 1.32-acre site, which includes office space and a 338-space parking garage, represents a major shift in land usage within the downtown core. For local operators, the transfer signals a move toward private-sector development in an area recently vacated by city staff.

The proposed deal covers four assets totaling 222,239 square feet on 1.32 acres, including a 338-space parking garage. The $4.3 million offer follows the city's 2024 decision to list the properties after 1,600 municipal employees relocated to the new city hall.

The players

Fort Worth City Council

The municipal legislative body responsible for managing city assets and approving property dispositions.

Jun Crown Properties

The real estate investment entity designated as the purchaser of the four city-owned downtown properties.

JLL

A global commercial real estate services firm that managed the sale process for the city's properties.

The details

The city engaged brokerage firm JLL to manage the sale of the assets, which include the Lone Star Gas Company Building and the Gordon Swift Building. As part of the agreement, the city will repair and reinstall a historic neon blue flame sign on the Lone Star Gas building, with the buyer assuming all maintenance responsibilities thereafter. If approved on October 13, the sale is expected to close by November 5, 2026.

2024: The city listed the properties for sale using JLL.
September 1, 2026: A letter-of-intent for the property sale was signed.
October 13, 2026: The city council is scheduled to vote on the sales approval.
November 5, 2026: The transaction is expected to reach an official close.

Market Landscape

This transaction follows the pattern set by the opening of the new Fort Worth City Hall, as the municipality moves to divest from surplus downtown real estate. It marks a secondary phase of the city's broader consolidation strategy that began in 2024.

Operators in downtown Fort Worth should account for the shift from public-sector use to private development, which may alter parking availability and local foot traffic patterns. Monitor the November 5 closing to determine when access to the associated parking facilities may be restricted for redevelopment.

The takeaway

The move to privatize former municipal buildings signals a transition in downtown land use following the city's office consolidation. Business owners should monitor the October 13 council vote to assess potential changes to local parking capacity and street-level activity.

What happens next

The Fort Worth City Council will hold its vote on the sales approval on October 13, 2026, with an anticipated transaction closing date of November 5, 2026.