One of Dallas’ landmark skyscrapers is changing operators.
The 60-story Comerica Bank Tower on Main Street was designed by famed architect Philip Johnson and is one of the largest office buildings downtown. The 1.5-million-square-foot high-rise has been owned since 2015 by a partnership headed by Dallas-based TriGate Capital.
Now Dallas-based real estate firm Stream Realty Partners has been hired to take over the leasing and management of the iconic tower. The operation of the building was previously handled in house.
“Comerica Bank Tower functions as a true landmark of downtown Dallas,” Paul Sharp, senior vice president of TriGate Capital, said in a statement. “The asset offers a tremendous value opportunity that is appealing for potential tenants navigating today’s office environment.”
Major tenants in the tower include Comerica Bank, K&L Gates, Marsh USA and Fish & Richardson.
About 450,000 square feet of space is vacant in the building, which opened in 1987.
The change in operations comes as major improvements to the building have just been completed. Contractors recently finished lobby renovations, and there are plans for additional tenant areas and food service coming this fall.
“Stream is excited about the opportunity to represent TriGate on such an iconic asset in downtown Dallas,” Stream Realty’s Rhett Miller said. “We are confident Comerica Bank Tower provides a perfect solution for tenants desiring to be in a Class A building in an amenity-rich location.”
Miller and Stream Realty’s Matt Wieser and J.J. Leonard are handling the project.
Stream Realty just finished overseeing renovations to another major downtown Dallas tower — the Trammell Crow Center on Ross Avenue.
Comerica Bank Tower owner TriGate Capital has acquired more than $11 billion of real estate across the country.
