Texas Capital Bank will move its downtown Fort Worth operations a couple of blocks to One City Place, 300 Throckmorton St., becoming the first tenant in the recently renovated office building. The Dallas-based bank has signed a 10-year lease for 20,000 square feet of office space, which includes a banking center on the first floor and commercial offices on the second floor. The 19-story building is part of the former Tandy Center and was last used by RadioShack for its headquarters. RadioShack sold the property in 2005.
The bank’s downtown operation has 30 employees. It will moved from its current location in The Tower, 570 Throckmorton St., this summer.
“One City Place is the perfect location for the best business bank in Texas and we are looking forward to a bright future there alongside our clients and employees,” said Jeff Moten, Texas Capital Bank’s Fort Worth regional president, in a prepared statement.
In February, PCCP, a real estate finance and investment management firm, said it was loaning $41.5 million to Spire Realty for tenant finish-out work in the 313,953-square-foot building. Spire Realty bought the property in 2011, part of the 1.2 million-square-foot, three-building City Place development.
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The other tower, called Two City Place, was renovated by a different owner/developer and is now home to Range Resources Corp. and other tenants. The third building, completed by Spire, has street-level space for shops and restaurants, and a parking garage.
Terry Quinn, Eddie Tillman and Parker Handlin with Avison Young represented Texas Capital Bank. Matt Carthey and Geoff Shelton with Holt Lunsford Commercial represented the landlord, Spire Realty Group in Dallas.
Starr Conspiracy adds California firm
The Starr Conspiracy, a Fort Worth-based marketing and advertising agency for software and services companies, has acquired Larocque Inc., a Napa, Calif.-based market consulting firm for human resources technology and human capital management firms.
As part of the deal, Starr Conspiracy also acquired InfluenceHR, a one-day human resources event for HR technology sales and marketing founded by LaRocque.
George Laroucque, the company’s principal, joins the Starr Conspiracy as director of go-to-market services.
“George has built a must-attend event for HR technology sales and marketing leaders who want to know what’s next in the rapidly shifting and quickly growing space,” said Bret Starr, partner and CEO of the Starr Conspiracy, in a statement. “He understands the needs of sales and marketing executives better than anyone.”
Airplane selling time-shares at Alliance
Here’s an interesting twist on the concept of time-sharing.
Wings Of Eagles Llc., owned by Matthew Fuller of Fort Worth, is offering pilots and others interested in learning how to fly the chance to lease a share of an airplane, rather than having to buy one on their own.
The company is leasing shares of a $200,000, 2003 Cirrus SR22 aircraft capable of cruise speeds of 200 mph. The cost of the share will be based on the number of hours the buyer wants to use the airplane in a year, he said.
Fuller will start selling shares in May. Shares start at $31,319, but there’s also a $689 monthly fee. Shareholders will be expected to sign a four-year lease, after which they can sell their shares, Fuller said.
The plane will be housed at Fort Worth Alliance Airport in far north Fort Worth.