FORT WORTH – An affiliate of Missouri-based Legacy Bank & Trust has bought the 70-year-old Oil & Gas Building building.
Legacy Bank provided a $12.3 million loan to the previous owner, Wolfe Investments, in 2023.
Wolfe Investments had planned to convert the 16-story, 167,000-sf office building on West 7th St. into 180 rental units.
Dallas-Fort Worth is one of the country’s top markets for converting older office buildings into new rental units, reports the Dallas Morning News.