JLL Arranges $406M Financing for Trammell Crow Center in Dallas
Jones Lang LaSalle (JLL) has arranged a $406 million CMBS loan on behalf of Regent Properties, LLC to finance the iconic Trammell Crow Center in Dallas. The financing was secured through Wells Fargo and Morgan Stanley as part of a five-year fixed-rate single-asset single-borrower deal. Located at the heart of Dallas' Arts District with 92% occupancy, the 50-story office tower benefits from recent capital improvements totaling $182 million. The property is leased to high-quality tenants such as Goldman Sachs and several major law firms. The renovations included a new parking structure, ground-floor retail space, and premium amenities like an athletic club and conference center. Trammell Crow Center's strategic location near cultural landmarks and commercial hubs enhances its appeal in Dallas' supply-constrained market. JLL’s Capital Markets Debt Advisory team led the transaction, highlighting continued institutional interest in top-tier office assets with strong cash flow potential.
Topics: CMBS loan Dallas real estate financing office_property