Regent Properties Purchases Trammell Crow Center In Dallas

Regent Properties, a real estate investment management and development firm, today announced the acquisition of Trammell Crow Center, a 50-story, 1.2 million square-foot, Class-A office tower located at 2001 Ross Ave., in Dallas, TX.

Regent purchased the property from institutional investors advised by J.P. Morgan Global Alternatives. Terms of the transaction, which marks Regent’s third investment via Regent Opportunity Fund V, were not disclosed.

Trammell Crow Center is among the tallest buildings in Dallas. In recent years, the Center has benefited from a comprehensive renovation and capital investments in excess of $180 million to modernize the asset, dramatically improve curb appeal, and create a dynamic, mixed-use destination.

The purchase of Trammell Crow Center also includes the adjacent full-city block situated at 2000 Ross Avenue, which is improved with a 2,000-space structured parking garage including extensive ground-floor retail and a development site that can accommodate a new residential or office tower. The block also includes Dallas’ first JW Marriot hotel, slated to open in 2023, which is not included in the transaction. In the last 10 months, Regent has acquired more than $1.2 billion of real estate across Texas and the Sun Belt.