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Texas  + Dallas-Fort Worth  + Office  | 

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.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

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