Frost Tower set for late 2017 occupancy at 640 Taylor
FORT WORTH, Texas--(BUSINESS WIRE)--
Frost Bank and Anthracite Realty Partners, LLC. of Fort Worth announced
today that Frost has signed a lease to occupy more than 73,000 square
feet in a new tower, which will be called the Frost Tower. Located at
640 Taylor Street in downtown Fort Worth, the 25-story tower is being
designed by Bennett Benner Partners for the developer, Anthracite Realty
Partners.
Frost will occupy a lobby-level banking facility and will move its
region headquarters and other lines of business into three upper floors
of the building. In addition to 87 headquarters staff who will move from
the bank’s offices at 777 Main Street, Frost will strategically relocate
more than 90 employees to the Frost Tower in Fort Worth, including Frost
Wealth Advisors, Frost Insurance, public finance and treasury
management. Initially, Frost will have more than 175 people downtown,
with room for expansion.
“We are excited to be a part of this state-of-the art new tower that
will bear the Frost name,” said Phil Norwood, region chairman for
Tarrant County for Frost. “It demonstrates our ongoing commitment to
maintaining a strong presence in downtown Fort Worth.”
“Consolidating our lines of business – banking, investments and
insurance – into the new Frost Tower will create a more collaborative
environment that will allow us to better serve our customers,” said
Hadley Woerner, Frost region president for Tarrant County. “Frost has
combined different lines of business into one building in several
markets, including the Frost Tower in Uptown Dallas.”
Frost serves commercial and consumer customers through 34 full-service
financial centers in the Metroplex, including 21 in the Tarrant County
region.
Anthracite Realty Partners, LLC is an affiliate of Jetta Operating
Company, which will also move its headquarters to the new building.
Frost was represented by Todd Burnette and Pat McDowell with Fort
Worth-based Jones Lang LaSalle.
Frost is the banking, investments and insurance subsidiary of
Cullen/Frost Bankers, Inc. (NYSE: CFR), a financial holding company with
$27.8 billion in assets at June 30, 2015. One of 24 banks included in
the KBW Bank Index and a top-50 U.S. bank by asset size, Frost provides
a full range of business and consumer banking products, investment and
brokerage services, insurance products and investment banking services
to businesses and individuals in the Austin, Corpus Christi, Dallas,
Fort Worth, Houston, Permian Basin, Rio Grande Valley and San Antonio
regions. Founded in 1868, Frost has helped Texans with their financial
needs during three centuries. For more information, visit
www.frostbank.com.
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for Frost
Bill Palen, 214-665-1310
bill.palen@fleishman.com
Source: Frost Bank