When the sale of the 4-acre Temple Oaks Baptist Church property at 2101 W 34th St. fell through in May, it was back to the drawing board for the Temple Oaks board members and Avison Young’s Tommy LeBlanc, who was brokering the sale of the church.
A new buyer came along in October, and LeBlanc said he hoped to have the sale finalized by November. Now commercial real estate company CBRE has signage out announcing a new retail development.
CBRE’s Radkey Jolink confirmed the sale, although he declined to name the new owner. Jolink’s LinkedIn profile notes that he focuses on representing local and national landlords such as Invesco, Trammell Crow, Lionstone, Midway, Northwestern Mutual, Gables and others.
Jolink said a 25,000 square foot retail development was planned, but there are no plans yet to build. He says they are looking for retail and restaurant tenants first and that the development will not be residential.
“(34th) is a great street,” said Jolink, referring to all the other recent developments by Revive and Crescere Capital.
The sale price of the property was not disclosed but is estimated in the neighborhood of $5.7 million, or $32.50 per square foot.
Temple Oaks Baptist Church was formed as Peoples Baptist Church on Dec. 5, 1950. The name was changed to Temple Oaks Baptist Church on Oct. 13, 1957. The church disbanded in January 2018. Since the church is a nonprofit, the money from the sale is obligated to go to similar nonprofits.
Temple Oaks Trustee and Deacon Larry Inman said last spring that Iglesia Bautista Mana, the Hispanic church that had services at Temple Oaks, and Ministry Assistance of the Near Northwest Alliance (MANNA), which used space at Temple Oaks for its food pantry, would be two recipients.