Morgan Stanley Weighs $1.3 Billion Dallas Tower for 709,000-Square-Foot Texas Expansion
Updated
Updated · Bloomberg · Jun 22
Morgan Stanley Weighs $1.3 Billion Dallas Tower for 709,000-Square-Foot Texas Expansion
3 articles · Updated · Bloomberg · Jun 22
Summary
$1.3 billion is the price tag Morgan Stanley is considering for a new Dallas office tower that would deepen its Texas expansion.
The 709,000-square-foot skyscraper at 2401 McKinney Avenue would consolidate several Morgan Stanley businesses now spread across different parts of the city, according to city documents.
The move adds Morgan Stanley to Wall Street firms betting on Texas as a financial hub, with the site less than a mile from Goldman Sachs' $500 million Dallas campus project.
Trammell Crow owns the property, which currently houses a seafood restaurant and a defunct gym, underscoring how a prime Dallas site could be remade for finance.