News
Pancho's Buffet Moves Its Headquarters Out of Town
November 05, 2007
FORT WORTH, TX - Pancho's Mexican Buffet has moved its headquarters from Fort Worth to Dallas.
Stephen Oyster, who has owned Pancho's Mexican Buffet since 2001, said he is now running the restaurant chain from an office building he owns in north Dallas.
He sold the headquarters in Fort Worth, at 3500 Noble Ave., to Conti Partners, a Fort Worth investment group that owns commercial and industrial properties throughout the city. The sale included a 45,229 square-foot building on 2.32 acres. It is available for lease.
"The building was a huge building," Oyster said. "I didn't need that much space."
Pancho's was founded in 1966 and was publicly held until its sale to Oyster. There are 28 Pancho's Mexican Restaurants in Texas, Louisiana, New Mexico, Oklahoma and Arizona. Oyster said he has begun licensing the restaurants.
J. Seary, a broker with Coldwell Banker Commercial Kelly, Geren and Searcy, represented the buyer. Bill King of The Woodmont Company represented the seller.
The Woodmont Company, a Fort Worth, Texas-based commercial real estate investment and brokerage firm, has been in business for 27 years, growing to a nationwide network of more than 60 professionals and dozens of partner companies. Woodmont has developed, managed and brokered tens of millions of square feet, always focusing on a commitment to personal service and the client's perspective. With offices in Fort Worth and Dallas, The Woodmont Company's services include site selection, development, brokerage, investment, and property management. For more information, visit www.woodmont.com.
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