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Downtown Fort Worth office development headed to market, sources say

March 2,2021

See full Dallas Business Journal article by Ryan Salchert here.

The two-tower City Place development in downtown Fort Worth will soon hit the market for sale, according to sources familiar with the matter.

The development includes 531,468 square feet of office space between One City Place (300 Throckmorton Street) and Two City Place (100 Throckmorton Street), as well as a 20,000-square-foot retail center between both towers at 150 Throckmorton Street. The entire development has five on-site restaurants, including a Jimmy John's, Wild Salsa and a Hooters. Other amenities include an Aloft Hotel, two fitness centers (one in each tower), a conference center, high-end finishes and views of downtown and the Trinity River basin.

City Place is also currently offering move-in-ready spec suites ranging from 1,000 to 20,000 square feet in both towers, with a total of 28,000 square feet of contiguous space available for lease, according to a recent press release by Stream Realty Partners.

The property is currently owned by Dallas-based Spire Realty Group. Stream was recently hired to lease the building, though it is unclear if they will also be assisting in selling the property. City Place is expected to come to come to market in the next few months, sources say.

Spire did not respond to a request for comment from the Business Journal.

Another one of Spire's properties, the 40-story, 1.1 million-square-foot Bryan Tower, has been on the market since early 2020. Located at 2001 Bryan St. in downtown Dallas, the office tower has been marketed for sale by JLL. Aside from Bryan Tower and City Place, Spire also owns an 11-acre development site in downtown Dallas, a two-building office development in Austin and two office properties in San Antonio.

Locations Mentioned: City Place, Hooters, Jimmy John's Sandwiches, Wild Salsa