One of the world’s leading performance workwear brands has found a new headquarters in the heart of its originating Texas city thanks to Stream Realty Partners.
Dickies, a top work apparel manufacturer founded in Fort Worth, has signed a lease at 500 Taylor St. in Downtown Fort Worth to serve as its new world headquarters. Dickies will occupy approximately 84,000 square feet at the six-story, mixed-use building.
SADA Capital Partners, a Downers Grove, Illinois-based capital and asset management company, and SADA Tower LLC, a Texas limited liability partnership, purchased 500 Taylor St. (Tower Annex) and 500 Throckmorton St. (The Tower) in June 2022.
“We are excited to work with Stream to bring such an iconic brand like Dickies to 500 Taylor and provide them a space that offers a true live-work-play environment,” said Shaukat S. Chaudhry, CEO and Managing Director of SADA Capital Partners LLC. “Dickies has been a household name in Fort Worth for a very long time, amplified by the opening of its namesake multipurpose arena a few years ago. We cannot wait to finish our improvements to serve their employees and bring new destination restaurant and retail establishments to the area.”
Stream Executive Vice President Chris Doggett and Senior Associate Cullen Donohue represented the landlord in the transaction. Vice Chairman Randy Cooper and Vice President Wills Bauer of Stream represented the tenant. Stream is a national real estate services, development, and investment firm with a growing office in Downtown Fort Worth.
Dickies has occupied space at 509 W. Vickery Blvd. as a manufacturing facility and adjacent retail store for years.
Dickies’ new headquarters will include space for office personnel, research, and design. 500 Taylor is a part of The Tower development, offering office and retail space with a 295-unit high-end condominium development directly above. Both properties were built in 1972 and redeveloped in 2005 after a tornado struck Downtown Fort Worth. The properties feature on-site property management and six restaurants.
SADA Capital Partners plans to upgrade the building’s facade and add new finishes and lighting along 4th Street as it seeks new retail tenants in 2023.
“We look forward to being a part of Fort Worth’s growing economy,” said Hammad Ahmed, Senior Vice President of SADA Capital Partners.
Mark Dabney of BOKA Powell is leading design on the project’s exterior improvements.
Fort Worth Tower and Tower Annex are the first purchases SADA Capital Partners has made in Texas.
“We look forward to investing more in office and retail value-add projects within the state,” said Saad Sindhu, Vice President of SADA Capital Partners and head of Texas region acquisitions. He will oversee the Tower project.
Dickies is the largest new tenant signed in Downtown Fort Worth since Oncor relocated to 777 Main St. in 2020, according to Doggett. The company’s lease will absorb the third largest contiguous block of available office space in the Downtown submarket, which has seen a host of activity. The submarket recently saw Texas A&M announce plans to expand its current campus to 675,000 square feet and Apex Financial relocate its headquarters to 60,000 square feet in the Bank of America Tower.
“Dickies commitment to downtown Fort Worth as the location of their new corporate home is a wonderful boost for the central business district,” Doggett said. “We are beyond thrilled to have the opportunity to work with their entire team and thankful that they chose 500 Taylor to further plant their flag in our great city.”
Stream Fort Worth has an office leasing and property management portfolio with more than 2.2 million square feet. The team has grown to 23 employees since the office in Frost Tower opened in 2015.