JLL arranges $406M financing for iconic Trammell Crow Center in Dallas

JLL arranged the loan for Regent Properties; the office tower was 92% leased when the financing was announced.

Rhea-AI Summary

JLL (JLL) announced on September 24, 2026, that it arranged $406 million in financing for Dallas’ Trammell Crow Center. JLL acted for the borrower, Regent Properties, to secure a five-year, fixed-rate, single-asset, single-borrower loan through Wells Fargo and Morgan Stanley.

The 50-story office tower contains 1,226,825 square feet on a 2.2-acre site in Dallas’ Arts District. It is 92% leased. Tenants include Goldman Sachs, Baker & Botts, Vinson & Elkins, Orix and Prudential.

A prior ownership group completed a $182 million renovation in 2019. The work included a new parking structure, 27,000 square feet of ground-floor retail and a renovated lobby. The property also has a fitness club, conference center, outdoor pavilion and on-site dining.

Market Context

On Aug 26, JLL reported a separate $575 million five-year securitized loan within its Winthrop Cente...

Analysis

On Aug 26, JLL reported a separate $575 million five-year securitized loan within its Winthrop Center financing; it provides a same-maturity Capital Markets comparison, although the current deal is a fixed-rate SASB loan for another asset.

Key Figures

Financing amount: $406 million Loan term: Five years Leased occupancy: 92%

Financing amount

$406 million

Financing arranged for Trammell Crow Center

Loan term

Five years

Fixed-rate, single-asset single-borrower loan

Leased occupancy

92%

Trammell Crow Center

Historical Context

1 past event · Latest: Aug 26

1 event

1. Aug 26

   Financing arranged

   24h Move

   -1.8%

   JLL advised on separate Winthrop Center financing, including a five-year securitized loan

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

cmbs loan, single-asset single-borrower (sasb)

2 terms

cmbs loan financial

"$406M CMBS loan through Wells Fargo and Morgan Stanley"

A CMBS loan is a commercial mortgage made to a business or landlord that is bundled with many other mortgages and sold to investors as a security. Think of it like a big mortgage split into many small slices that investors buy; the building owner’s payments determine how much investors receive. Investors care because the property’s income and value affect interest and principal payments, and problems like tenant loss or default can reduce returns.

single-asset single-borrower (sasb) financial

"five-year, fixed-rate, single-asset single-borrower (SASB) loan"

A single-asset single-borrower (SASB) loan is a financing structure where one specific asset—such as a building or project—serves as the sole collateral for a loan made to a single borrower. For investors, it matters because all repayment depends on the performance of that one asset and borrower, concentrating risk much like putting a large sum into a single company instead of spreading it across many, which affects credit quality and valuation.

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The financing demonstrates continued institutional capital interest in best-in-class office assets with experienced sponsorship, predictable cash flows and significant embedded value creation opportunities in supply-constrained, high-growth markets like Dallas

Key Takeaways

• JLL arranges $406M CMBS loan through Wells Fargo and Morgan Stanley for Regent Properties' Trammell Crow Center
• The 50-story trophy office tower is located at the epicenter of Dallas' Arts District with 92% occupancy
• Recently completed $182 million capital improvement program, including new parking structure, 27,000 SF of ground-floor retail and best-in-class amenity package

Dallas, Sept. 24, 2026 /PRNewswire/ -- JLL's Capital Markets group announced today that it has arranged $406 million in financing for Trammell Crow Center, a 1,226,825-square-foot trophy office tower in Dallas' highly sought-after Arts District.

JLL worked on behalf of the borrower, Regent Properties, LLC, to secure the five-year, fixed-rate, single-asset single-borrower (SASB) loan through Wells Fargo and Morgan Stanley.

Trammell Crow Center stands as one of Dallas' most renowned office destinations, featuring 50 stories and occupying a premier 2.2-acre site at the confluence of the city's most important districts. The property is 92% leased to a diverse roster of creditworthy tenants, including major corporations such as Goldman Sachs, Baker & Botts LLP, Vinson & Elkins LLP, Orix and Prudential. The asset continues to benefit from a transformative $182 million renovation completed in 2019 by the prior ownership group, which included construction of a new parking structure providing a competitive 3.0 per 1,000 square feet parking ratio, 27,000 square feet of ground-floor retail that enhanced walkability, a complete lobby renovation and a full suite of Class AA amenities, including the TCC Athletic Club, conference center, outdoor pavilion and on-site dining options.

Located at the epicenter of Dallas' Arts District overlooking Klyde Warren Park and the Nasher Sculpture Center, Trammell Crow Center benefits from an unmatched mixed-use environment with seamless connectivity to over 400 shops and restaurants, 2.7 million square feet of retail and 29,000+ multifamily units within walking distance. Trammell Crow Center's position in the Dallas Arts District provides tenants with unparalleled access to cultural amenities, including the Dallas Museum of Art, Nasher Sculpture Center, Crow Museum of Asian Art, Winspear Opera House and Meyerson Symphony Center. The 118-acre Dallas Arts District is the largest contiguous urban arts district in the United States, attracting over 1.5 million visitors annually and generating an estimated $400 million in economic impact.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Greg Napper and Associates Jordan Buck and Rett Daugbjerg.

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL's Capital Markets group has more than 3,000 specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom. 

About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of June 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500^® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

About Regent Properties
Founded in 1989, Regent Properties, LLC is an SEC-registered investment advisor and is a real estate investment management and development firm based in Los Angeles, California and Dallas, Texas. The company is a vertically integrated operator and fund manager with current investments concentrated in six Sun Belt markets. Regent Properties manages a variety of investment vehicles, including comingled funds and separate accounts, on behalf of a sophisticated institutional investor base. For more information, visit www.regentproperties.com.

Contact: Kristen Murphy, JLL Director, PR
Phone: 617 543 4873
Email: kristen.murphy@jll.com

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SOURCE JLL

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are the terms of the financing JLL arranged for Trammell Crow Center?

JLL arranged a $406 million, five-year, fixed-rate single-asset, single-borrower loan through Wells Fargo and Morgan Stanley on behalf of Regent Properties.

Which tenants lease space at Trammell Crow Center in JLL’s financing announcement?

The tower’s tenants include Goldman Sachs, Baker & Botts, Vinson & Elkins, Orix and Prudential. The property is 92% leased.