Morgan Stanley Signs Four-Year Lease For 120,000 Square Feet At Fountain Place In Dallas
1445 Ross Avenue
Building Size
120,000 SF
Asset Type
Office
Closing
Jan 22, 2026
AI
The asset involved in this transaction is an office space located at 1445 Ross Avenue, Dallas, with a total square footage of approximately 120,000. The property is part of Fountain Place, a 1.2 million square foot office tower owned by Goddard Investment Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Landlord: Robert C. Goddard III - Goddard Investment Group
- Tenant: Ted Pick - Morgan Stanley
- Landlord's Representative: CBRE
- Tenant's Representative: JLL
- Date: 01/22/2026
- Market: Dallas
The lease transaction marks Morgan Stanley's commitment to a four-year lease, which supports their expansion in the Dallas-Fort Worth area. The tenant is simultaneously evaluating a long-term requirement of up to 500,000 square feet, with 2401 McKinney in Uptown as the leading contender for future space needs.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93