Dallas-based Texas Capital Bank this summer will move its downtown Fort Worth operations a couple blocks to the north, to One City Place at 300 Throckmorton St., becoming the first tenant in the recently renovated office building.
The bank has signed a 10-year lease for 20,000 square feet of office space, which includes a banking center on the first floor and commercial offices on the second floor. The 19-story building is part of the former Tandy Center and was last used by RadioShack for its headquarters. RadioShack sold the property in 2005.
The bank’s downtown operation has 30 employees and is currently located in The Tower, at 570 Throckmorton St.
“One City Place is the perfect location for the Best Business Bank in Texas and we are looking forward to a bright future there alongside our clients and employees” said Jeff Moten, Texas Capital Bank’s Fort Worth regional president in a statement.
In February, PCCP, a real estate finance and investment management firm, said it was loaning $41.5 million to Spire Realty for tenant finish-out work in the 313,953-square-foot building.
Spire Realty bought the property in 2011, part of the 1.2 million-square-foot, three building City Place development.
Terry Quinn, Eddie Tillman and Parker Handlin with Avison Young represented Texas Capital Bank. Matt Carthey and Geoff Shelton with Holt Lunsford Commercial represented the landlord, Spire Realty Group in Dallas.
_ Sandra Baker