On October 12, Texas Capital Bancshares Inc., the parent company of Dallas-based Texas Capital Bank, announced new plans for its headquarters located in Dallas. The bank has executed a 15-year lease term with Union Investment Real Estate GmbH, owner of the building at 2000 McKinney Ave., and will rename the entire building to Texas Capital Center.
The new lease will increase the bank’s footprint to encompass more than 200,000 square feet across seven floors, which includes its existing banking center located in the lobby. Texas Capital Bank plans to retain and renovate two existing floors and acquire and build out a contiguous block of floors in the midrise.
“This location, in the heart of Uptown Dallas, is highly desirable and easily accessible,” says John Cummings, executive vice president/chief administrative officer. “Our plans for this new space are reflective of our continued journey to become the flagship financial institution in Texas.”
In addition to naming rights of the building, the new lease provides Texas Capital Bank with the installation of larger, more visible signage at the crown of the establishment. The building includes a total of 21 floors, a multi-story parking garage, fitness center, formal restaurant and an onsite fast/casual food option. The bank, which first moved its headquarters to the building in 2008, has begun design and planning for the new Texas Capital Center. Construction is slated to begin in early 2023 and will be completed in phases throughout 2024.
“We are reconfiguring Texas Capital Bank’s corporate real estate portfolio by creating a workplace experience that aligns with our values and culture,” says Catherine Zalatoris, executive vice president/head of corporate real estate. “We are an employer of choice that invests in our teams and workspaces to accommodate our continued growth while fostering a new sense of workplace pride.”
Established in 1998, Texas Capital Bank has banking offices in Dallas, Austin, Houston, San Antonio and Fort Worth.
