Regent Properties Secures $406 Million Refinance Loan For Trammell Crow Center In Dallas
2001 Ross Avenue
$406,000,000
$338/SF
Building Size
1,200,000 SF
Asset Type
Office
Closing
Sep 21, 2026
About this deal
AI
The property asset involved in this transaction is an office building located at 2001 Ross Avenue in Dallas, TX. The asset spans 1,200,000 square feet and involves a refinance loan process.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $406,000,000
- Lender: Wells Fargo & Morgan Stanley
- Landlord: Eric Fleiss - Regent Properties
- Loan Type: Refinance
- Loan Terms: five-year, interest-only
- Leased Percentage: 92.8% as of July
- Equity Contribution: $19.6 million for reserves and closing costs
Key individuals involved in the transaction include Eric Fleiss, representing Regent Properties as the landlord. The refinancing was secured as a five-year CMBS loan with a fixed interest rate of 7.45%, intended to repay existing debt.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93