Texas Capital Bank is expanding its Uptown headquarters on McKinney Avenue.
An Uptown Dallas tower has a new name thanks to a lease expansion by a major tenant.
Texas Capital Bank has been one of the lead tenants in the 2000 McKinney Avenue office high-rise since 2008. The bank just extended its occupancy in the tower overlooking Klyde Warren Park for another 15 years and is more than tripling its space.
As part of the deal, the building is being renamed Texas Capital Center.
Texas Capital Bank is expanding its footprint in the building to 200,000 square feet on seven floors.
“We are very excited about the unique and improved experiences this new lease will provide our employees and clients,” John Cummings, Texas Capital Bank’s executive vice president, said in a statement. “This location, in the heart of Uptown Dallas, is highly desirable and easily accessible.
“Our plans for this new space are reflective of our continued journey to become the flagship financial institution in Texas.”
Texas Capital Bank plans to renovate its two existing floors in the building while it expands into the rest of the space starting early next year.
“We are reconfiguring Texas Capital Bank’s corporate real estate portfolio by creating a workplace experience that aligns with our values and culture,” said Catherine Zalatoris, Texas Capital Bank’s executive vice president.
Since 2016, the 21-story McKinney Avenue high-rise has been owned by German-based Union Investment Real Estate GmbH. The investor paid more than $200 million for the tower, then a record sales price for that size of a Dallas building.
Along with renaming the building, Texas Capital Bank will install larger, more visible signage at the top of the tower.