Office lease makes way for construction of new Class A development in Fort Worth
Stream Realty Partners (Stream), a national real estate services, development, and investment company, is pleased to announce that Vantage Bank Texas has signed a 15,000-square-foot lease for the Triune Center, a six-story, 30,000-square-foot office development Class A in Fort Worth.
The Triune Center at 3400 West Freeway is the first office building of its kind in the US to feature a fully automated valet parking system. Cornerstone Projects Group, a development, architecture and construction company, and Trident Structures, an engineering, procurement and construction of total solutions, are partners in office development. 50 percent pre-let, construction will begin in the second quarter of 2021 and the building is to be delivered in summer 2022.
The Triune Center has 5,000 square feet of floor slabs and offers tenants the option of renting a full floor with design flexibility to include collaborative workspaces and indoor offices. All floors have large glass windows that offer natural light and spectacular views of Fort Worth. In addition, the tower-type palletized vehicle handling system is a fully automated mechanical parking system that replaces a conventional parking field. The valet service in the valet service enables the convenient delivery of a vehicle to the roadside, which is ordered directly from the property’s own app at your desk.
Jeff Sinnott, President and CEO of Vantage Bank, said, “We look forward to calling the Triune Center for our Fort Worth team at home. Vantage Bank is focused on raising the bar to help our clients achieve financial success – and we love that this building raises the bar for office development. “
Although office development in Fort Worth has slowed since 2018, trends suggest that this is gradually changing. Four office projects with a total area of over 365,500 square meters are currently under construction in the Metroplex west of DFW Airport, including the new 160,000 square meter development by Crescent announced at the beginning of March.
Donohue, Seth Koschak, managing director and partner, Chris Doggett, executive vice president, and Vic Meyer, associate, with Stream represented the landlord, and Theron Bryant with Transwestern represented Vantage Bank Texas on the transaction.