RFQ - Real Estate Brokerage Services

The City of Fort Worth (the “City”) is pleased to issue this Request for Qualifications (“RFQ") to identify a Real Estate Brokerage firm to provide Real Estate Brokerage services to successfully market and sell City real estate assets. The City requests responses detailing the firm’s experience with similar projects with strong preference given to firms with experience selling commercial real estate in the Dallas-Fort Worth market.

As such, we have attached the packet with the project summary and Broker Qualification questions.

The deadline for response to the Broker Qualification questions is Friday January 12, 2024 at 5:00 pm Fort Worth, Texas time.

Please reply via email to Lisa.Alexander@FortWorthTexas.gov. For questions, please reach out via email or phone to Lisa Alexander 817-392-2361.

Project Summary:

The City plans to consolidate the City’s operations and functions by replacing older buildings with modern, efficient spaces tailored to city services and eliminating annual payments associated with leased facilities through the sale of administrative structures and surface parking lots.

Capital Investment Minimum for Development – $150,000,000.00 (proposed by PMD)

Downtown Campus:

Makeup, contiguous: 2 buildings, 1 Parking Garage, and 3 lots. Total land square footage per TAD records is 63,300 or 1.453 acres.

Preferred Use – Mixed-use with multi-family and retail/office

Specific to use, a mixed-use project with multi-family and retail/office would be ideal. A certain amount of ground floor retail would certainly be acceptable.

Development Potential:

The site has real development potential. There is an opportunity for reasonably intense vertical development on the site. We could see that happening either as part of the redevelopment/repositioning of the buildings into a broader project, which would be optimal or as a separate stand-alone project by a different developer.

Real Estate Brokerage Firm Responses

Downtown Campus

City of Fort Worth

1. Evidence of Texas Real Estate License for each agent that could be assigned to this account.
2. Provide a sample marketing campaign that would be similar to that needed for the sale of a City block with multiple contiguous properties and a campaign for free-standing individual commercial properties.
3. Detailed sample of the commercial properties the firm has provided brokerage services for in Tarrant County including type of service provided, address of property and description of property.
4. Summarize your understanding and experience of working within guidelines to preserve historic & culturally significant buildings/landmarks.
5. Provide at least five (5) references in the Fort Worth/Dallas Metroplex for which the firm has provided similar scope of work. References must include company name, contact person, email address and phone number.
6. Proposed fee structure if selling one (1) or multiple commercial properties.
7. Summarize your understanding of the Texas state laws governing the sale of municipal properties by a brokerage firm.
8. Respondent must show previous experience in selling/exchanging municipal property in compliance with Chapter 272 of the Texas Local Government Code.