Fortis Property Group closes on Chase Tower acquisition

Chase Tower in Dallas has been acquired by Fortis Property Group LLC.

Chase Tower in downtown Dallas has been acquired by Fortis Property Group LLC, a New York-based real estate firm that closed on the 55-story property this week.

Fortis purchased the 1.3 million-square-foot tower from Hines, a privately owned global real estate investment firm based in Houston.

The 55-story tower, at 2200 Ross Ave, is located on 1.5 acres in the city’s Central Business District fronting the Arts District. Prior to the acquisition, the 1987-era skyscraper underwent extensive renovations.

“In line with our strategy to purchase best-in-class properties, Chase Tower represents the best of Downtown Dallas and the Arts District,” said Jonathan Landau, Fortis CEO, confirming plans to upgrade the property’s “curb appeal” while providing food service amenities.

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J.J. Leonard, managing director, and Matthew Wieser, executive vice president of Stream’s office division in Dallas, will oversee leasing efforts.

Architect Richard Keating designed Chase Tower, which boasts a sky window standing six stories high. The Class AA tower’s amenities include Dallas Petroleum Club; multiple conferencing-lounge facilities; a fitness center; Chase retail banking facility and ATM; and Skybridge access to the Marriott Hotel and The Plaza of the Americas, among other amenities.