Bank of Texas Signs Lease in Fort Worth Tower

The financial institution will occupy more than 20,000 square feet in the nearly 1 million-square-foot Class A office high-rise in the city center.
777 Main Street in Fort Worth, Texas

Bank of Texas has inked a lease to occupy 21,328 square feet in a downtown Fort Worth office high-rise. The building’s owner, The Brookdale Group, picked up the 954,895-square-foot tower in late 2014 for $167 million from Cousins Properties. The LEED Silver-certified property had a vacancy rate of 15.9 percent as of March 2018, according to Yardi Matrix data.

Located at 777 Main St. in the city’s central business district, the 40-story tower is positioned three blocks from the Fort Worth Convention Center and is surrounded by a mix of hotels, offices and retail buildings. The central train station is four blocks away, while interstates 30 and 35 West are a short drive away.

Recent renovations

The high-rise, leased to major tenants including Jacobs Engineering, Hallmark Financial Services and XTO Energy, opened in 1982. The previous owner updated the building’s common areas in 2013 and The Brookdale Group recently completed enhancements to the structure’s connected 2,300-stall parking garage. On-site amenities include complimentary Wi-Fi, a conference center, approximately 35,000 square feet of retail space, a shoe shine service and a car wash.

JLL’s Pat McDowell and Brooke Armstrong represented Bank of Texas in the lease transaction, with Whit Kelly of Transwestern acting on behalf of the owner.

“Bank of Texas’ new office reinforces their commitment to the region, their growing client base and to their employees,” said Armstrong, executive vice president of JLL, in a prepared statement. “The amenities and walkability of downtown Fort Worth and Sundance Square create a unique and enjoyable business environment for their clients and staff, and allows them to remain near other leading professional service companies.”

Image courtesy of Google Street View