JLL arranges $406 million loan for Dallas’ Trammell Crow Center

  • JLL arranged financing for Regent Properties’ Trammell Crow Center office tower in Dallas.
  • $406 million was secured through Wells Fargo and Morgan Stanley for a five-year fixed-rate loan.
  • Trammell Crow Center is 92% leased after a $182 million renovation completed in 2019.

JLL arranged $406 million in five-year, fixed-rate CMBS (commercial mortgage-backed securities) financing for Regent Properties’ Trammell Crow Center in Dallas through Wells Fargo and Morgan Stanley. The 1,226,825-square-foot, 50-story trophy office tower is 92% leased and recently benefited from a $182 million capital improvement program that added a parking structure, 27,000 square feet of ground-floor retail, a renovated lobby and Class AA amenities. The property sits on a 2.2-acre site in the Dallas Arts District near Klyde Warren Park and the Nasher Sculpture Center, with access to more than 400 shops and restaurants, 2.7 million square feet of retail and more than 29,000 multifamily units. JLL said the financing reflects institutional interest in high-quality office properties with experienced sponsorship, predictable cash flows and embedded value-creation opportunities in supply-constrained, high-growth markets such as Dallas.

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