New details emerge about Dickies headquarters move in downtown Fort Worth
See full Dallas Business Journal by Spencer Brewer here.
Just months after an Illinois-based firm purchased 500 Taylor Street, the building has become home to workwear giant Dickies.
SADA Capital Partners, a capital and asset management company, and SADA Tower LLC, a Texas limited liability partnership, purchased 500 Taylor Street, Tower Annex, and 500 Throckmorton Street, The Tower, in June last year. Dickies recently signed a lease for 84,000 square feet at the Tower Annex, serving as the company’s new world headquarters, according to a news release.
“We are excited to work with Stream to bring such an iconic brand like Dickies to 500 Taylor and provide them a space that offers a true live-work-play environment,” said Shaukat Chaudhry, CEO and Managing Director of SADA Capital Partners LLC, in a prepared statement. “Dickies has been a household name in Fort Worth for a very long time, amplified by the opening of its namesake multipurpose arena a few years ago. We cannot wait to finish our improvements to serve their employees and bring new destination restaurant and retail establishments to the area.”
SADA Capital Partners plans to upgrade the building’s facade and add new finishes and lighting along 4th Street as it seeks new retail tenants in 2023.
Stream Realty Partners Executive Vice President Chris Doggett and Senior Associate Cullen Donohue represented the landlord in the transaction. Vice Chairman Randy Cooper and Vice President Wills Bauer of Stream represented the tenant.
Dickies has occupied space at 509 West Vickery Boulevard as a manufacturing facility and adjacent retail store for years.
Dickies’ new headquarters will include space for office personnel, research and design. 500 Taylor is a part of The Tower development, offering office and retail space with a 295-unit high-end condominium development directly above. Both properties were built in 1972 and redeveloped in 2005 after a tornado struck Downtown Fort Worth. The properties feature on-site property management and six restaurants.
According to the release, the company’s lease will absorb the third-largest contiguous block of available office space in the Downtown submarket, which has seen a host of activity. The submarket recently saw Texas A&M announce plans to expand its current campus to 675,000 square feet and Apex Financial relocate its headquarters to 60,000 square feet in the Bank of America Tower.
“Dickies commitment to downtown Fort Worth as the location of their new corporate home is a wonderful boost for the Central Business District,” Doggett said in a prepared statement. “We are beyond thrilled to have the opportunity to work with their entire team and thankful that they chose 500 Taylor to further plant their flag in our great city.”
Location Mentioned: Texas A&M University School of Law