Fort Worth

Oil and Gas Firm to Move to Fort Worth Headquarters Into New 25-Story Office Tower

September 21 < 1

Fort Worth-based Jetta Operating Company Inc., a privately held oil and gas firm, plans to move its headquarters into a soon-to-be developed 25-story office tower in downtown Fort Worth, which will set a new operating standard for the firm.

The energy firm will occupy about 70,000 square feet of the 25-story, 313,000-square-foot glass-and-steel office tower, called 640 Taylor, at Taylor and West 5th streets in the city’s urban center.

Jetta’s real estate arm, Anthracite Realty Partners, is overseeing the development with Dallas-based Stream Realty Partners.

“640 Taylor is a Class AA office project designed specifically to meet the needs of discriminating office users in terms of quality, efficiency and amenities,” said Seth Koschak, a managing director with Dallas-based Stream Realty Partners, in a prepared statement. “We believe it will set a new standard for office environments in our market.”

Koschak, Ramsey March and Tyler Maner of Stream Realty Partners will oversee the leasing of the tower. Jerry Mays of Stream Realty is overseeing the firm’s pre-development consulting services.

This will be the first high-rise development in Fort Worth’s central business district since 2008. Plans for the tower include developing 274,000 square feet of rentable office space, in addition to 920 above- and below-grade parking spaces.

The tower will have about 32,000 square feet of amenities on the 12th and 13th floors, including a three-meal wraparound restaurant, conference and events center, fitness center and terraces with views of Fort Worth’s skyline. The tower also includes about 6,000 square feet of ground-level retail space.

Construction is slated to begin in the fourth quarter of 2015, with completion scheduled in 2017.


By: Candice Carlisle
SOURCE: Dallas Business Journal