Trammell Crow Center Secured $406 Million Loan
Regent Properties has refinanced debt for the Dallas tower as major tenants prepare for potential departures.
Updated on Sept. 23, 2026 in Commercial
Live Poll
Do you believe the move toward hybrid work makes commercial office buildings a risky long-term investment?
Regent Properties has finalized a $406 million refinancing loan for the 50-story Trammell Crow Center in Dallas. The deal follows efforts to secure new leases as the tower manages future tenant turnover.
Why it matters
The financing provides the owner with stability to manage its financial obligations as key occupants consider early lease termination options. This debt management strategy is vital for maintaining the building's operations during a period of shifting corporate occupancy.
The loan features a 7.5 percent fixed interest rate with five years of interest-only payments. $20 million of the total amount is specifically allocated for closing costs.
The players
Regent Properties
This real estate investment and development firm serves as the owner of the Trammell Crow Center.
Goldman Sachs
This multinational investment bank and financial services company currently occupies 25 percent of the office tower.
Wells Fargo
This financial services institution participated as a lender in the refinancing of the tower.
Morgan Stanley
This investment bank provided capital as a lender for the building refinancing.
Stream Realty Partners
This commercial real estate firm manages the leasing operations for the property.
The details
Stream Realty Partners continues to manage leasing operations for the building, which was 92 percent occupied as of July. While the tower faces uncertainty due to Goldman Sachs moving 2,000 employees to a new campus by 2028, the property owner has secured 100,000 square feet in new leases this year.
Timeline
Earlier this year, 100,000 square feet of new leases and extensions were secured.
In July 2026, the tower reached 92 percent occupancy with a new lease for Prudential.
The interest-only payment period for the loan lasts for five years.
In 2028, Goldman Sachs is expected to vacate its space for a new campus near Victory Park.
Culture Shift
This refinancing mirrors the trend of property owners navigating the post-pandemic commercial real estate refinancing cycle. It underscores the challenges of maintaining high-value office assets as major tenants consolidate into proprietary campuses.
The stability of this major Arts District tower directly affects the long-term economic vitality of downtown Dallas office spaces. Readers who work in the vicinity may notice continued efforts to backfill space as property management prepares for tenant shifts.
The takeaway
Large office towers face increased financial pressure as major tenants move toward proprietary campus models. Owners remain focused on securing smaller, diversified leases to maintain occupancy levels through transitional periods.
What happens next
Goldman Sachs is scheduled to relocate 2,000 employees to its new Victory Park campus in 2028.
Further reading
For broader insights into the local market, visit the Dallas Commercial section.
Live Poll
Do you believe the move toward hybrid work makes commercial office buildings a risky long-term investment?
