JLL’s Capital Markets group has arranged $406 million in financing for Trammell Crow Center, a 1.23 million-square-foot trophy office tower in Dallas’ Arts District.
JLL worked on behalf of the borrower, Regent Properties, to secure the five-year, fixed-rate, single-asset, single-borrower loan through Wells Fargo and Morgan Stanley.
Trammell Crow Center stands as one of Dallas’ most renowned office destinations, featuring 50 stories and occupying a 2.2-acre site at the confluence of the city’s most important districts. The property is 92 percent leased to a diverse roster of creditworthy tenants, including major corporations such as Goldman Sachs, Baker Botts, Vinson & Elkins, Orix and Prudential. The asset continues to benefit from a transformative $182 million renovation completed in 2019 by the prior ownership group, which included construction of a new parking structure providing a competitive 3.0-per-1,000-square-feet parking ratio; 27,000 square feet o
