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Wednesday, April 21, 2021

JLL to market, sell 1407 Texas Street building

JLL will market and sell 1407 Texas Street in Fort Worth, the commercial real estate firm announced Sept. 25. The three-story, 26,332-square-foot, Class A office property is located at the corner of Summit Avenue and Texas Street, in the Central Business District.

JLL Executive Vice President Ryan Matthews and Vice President Matt Montague are leading the marketing and sales efforts.

“1407 Texas Street provides a rare opportunity to acquire a fully-renovated, centrally-located office building in Fort Worth,” said Montague. “It’s unique design and architecture offers tremendous flexibility, perfectly suited for creative office users.”

Built in 1955 and fully renovated in 2015, Preston Geren was original architect for the building.

According to JLL Research, the growing trend of creative office space has been widely adapted as a means to attract and retain top talent in major markets across the U.S., particularly from tech industry tenants. Since 2014, tech tenants have driven 21% of the leasing activity in the US, accounting for more than 64.3 million square feet of creative office leases during that time.

The property currently serves as Simpli.fi’s corporate office where they have been a tenant since 2008. JLL previously announced the relocation of the company’s new office headquarters to the Fort Worth Stockyards to accommodate their plans for future growth.

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