An Arlington office park near Six Flags that was bought by a New York investor in 2021 could now face foreclosure by its lender.
The office park is made up of four buildings at 600, 616 and 624 Six Flags Drive and 2401 E. Randol Mills Road. It totals to about 450,000 square feet of space. TXRE Properties handles the leasing of the property. The four buildings house a variety of tenants, including the North Central Texas Council of Governments, which is at 616 Six Flags Drive.
A foreclosure auction is scheduled May 7. Nashville, Tenn.-based Pinnacle Bank has appointed Alan Castetter as trustee. It’s possible that Pinnacle and Opal resolve the dispute by then, avoiding a forced sale, or agree to postpone putting the property on the auction block to continue negotiations.