Trammell Crow Center Secured $406 Million Loan

The Dallas office tower refinancing arrives as the owner prepares for potential tenant departures by 2028.

Updated on Sept. 23, 2026 in Commercial

Isometric editorial illustration of a large office building rendered in matte rectilinear shapes and muted blue and teal tones. — Regent Properties has finalized a $406 million debt refinancing for the Trammell Crow Center in Dallas to stabilize long-term operations. AI Illustration. Upload story photo >

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Regent Properties has successfully secured a $406 million loan to refinance its 50-story Trammell Crow Center in the Dallas Arts District. The loan includes $20 million earmarked for closing costs and provides interest-only payments for five years.

Why it matters

The financing move helps the building owner manage its debt obligations while addressing future leasing shifts, including the expected relocation of major tenant Goldman Sachs in 2028. Managing these commitments remains a critical step for commercial property owners facing potential shifts in tenant occupancy.

The $406 million refinancing carries a 7.5 percent fixed interest rate over an interest-only term of five years. This capital structure supports the tower as it navigates a 92 percent occupancy rate and prepares for the future departure of its 25 percent anchor tenant.

The players

Regent Properties

The owner and operator of the Trammell Crow Center that manages commercial office investments and financing.

Goldman Sachs

A major financial firm currently occupying 25 percent of the building and planning a move to a new campus.

Wells Fargo

A national financial institution providing lending services for commercial real estate developments.

Morgan Stanley

A global financial firm that partnered to provide the debt financing for the property.

Stream Realty Partners

A real estate management company that oversees the leasing operations for the tower.

The details

The loan, provided by Wells Fargo and Morgan Stanley, helps the property owner offset costs associated with managing a 50-story asset in a changing commercial landscape. With 11 of 32 tenants holding early lease termination options and Goldman Sachs set to move 2,000 employees to a new campus in 2028, the interest-only payment period offers a five-year window to stabilize revenue. The deal includes $20 million for closing costs to facilitate the transition.

Earlier this year, Stream Realty Partners secured 100,000 square feet of new leases and extensions.
In July 2026, the tower reached a 92 percent occupancy rate.
The interest-only payment period will last for five years.
Goldman Sachs is scheduled to open its new campus in 2028.

Money Landscape

This move reflects a broader industry trend where commercial owners use long-term debt restructuring to navigate the volatility of large-scale tenant relocations. It positions the property against the upcoming 2028 market shift triggered by the Goldman Sachs campus move to Victory Park.

For households with interests in commercial real estate or local municipal tax bases, this loan indicates a focus on maintaining building stability despite shifting office occupancy. Consult with a qualified financial professional to understand how local commercial real estate trends may affect your broader portfolio or community investments.

The takeaway

The refinancing provides a multi-year cushion for the building as it adjusts to potential tenant turnover in the coming years. Investors should monitor ongoing leasing updates and occupancy reports for major downtown commercial assets as 2028 approaches.