Frost Bank has signed a lease to occupy more than 73,000 square feet in a new tower in downtown Fort Worth, which, according to the agreement, be called the Frost Tower. Located at 640 Taylor Street, 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.