Dallas, December 17, 2025
TRT Holdings has acquired St. Paul Place, a 22-story office building in Dallas’ Arts District. This acquisition enhances their investment portfolio and highlights the ongoing vitality of Dallas’ commercial real estate market. St. Paul Place, which offers nearly 275,000 square feet of office space and notable tenants such as CoStar Group and Mayer LLP, has undergone significant renovations and reflects the strategic interest in this rapidly growing area.
Dallas – In a significant move that highlights the ongoing vitality of Dallas’ commercial real estate market, TRT Holdings, a Dallas-based investment firm, has successfully acquired St. Paul Place, a prominent 22-story office building located in the heart of the Arts District. This property, situated at 750 North Saint Paul Street, adds to TRT Holdings’ extensive portfolio, which includes the luxury Omni Hotels & Resorts chain. The transaction, finalized on December 2, 2025, marks another chapter in the flourishing investment landscape of the Dallas County economy.
St. Paul Place, built in 1983, boasts nearly 275,000 square feet of office space and is home to several notable tenants, including CoStar Group, Mayer LLP, and D Magazine. The building has also undergone substantial renovations following a flood earlier in 2025, showcasing the resilience of both the property and the investment strategies within the region. As Dallas embraces a robust recovery and growth trajectory in its commercial sector, acquisitions like this serve to reinforce the area’s appeal to both local and national investors.
The Arts District’s Ongoing Growth
The Arts District has been a focal point for revitalization and investment within Dallas. This area’s continuing allure is attributed not only to its cultural significance but also to its potential for economic growth. With several high-profile projects underway, the Arts District has established itself as a hub for businesses looking to capitalize on the vibrant community and favorable market conditions.
The acquisition of St. Paul Place underscores the strategic interest in this neighborhood. Investors are increasingly recognizing that the interplay between culture and commerce creates opportunities for innovative entrepreneurship, making it a prime location for future developments. Such investments are vital to maintaining a competitive edge in the Dallas TX business market.
TRT Holdings: A Visionary Investor
At the helm of TRT Holdings is billionaire Robert Rowling and his father, Reese, both of whom have significant experience in nurturing and expanding investment opportunities. The firm has built a reputation for strategic acquisitions that not only enhance their portfolio but also contribute to the economic fabric of communities across Texas.
TRT Holdings’ commitment to investing in properties like St. Paul Place demonstrates their long-term vision for the Dallas real estate market. The company’s strategy aligns with broader trends in private investment, underlining how limited regulation can help foster an environment where businesses can thrive and flourish.
The Resilience of Local Enterprises
The property has notable tenants who exemplify the resilience and entrepreneurial spirit that characterize the Dallas business landscape. Companies like CoStar Group and Mayer LLP not only contribute to the local economy but also serve as examples of how effective business operations can succeed despite challenges, such as those posed by the flood in April 2025.
In Dallas, the blend of established firms and emerging startups fuels a dynamic ecosystem where innovation and tradition work hand-in-hand to drive economic activity. The presence of established businesses within St. Paul Place is a testament to the enduring appeal of the area and its capacity to support a diverse range of industries.
Investments Driving Economic Growth
The recent acquisition of St. Paul Place is part of a broader trend observed in Dallas’ commercial real estate sector. As the city continues to attract significant interest from investors, the overall health of the local economy is bolstered. Such investments play an integral role in job creation, enhancing community resources, and encouraging local entrepreneurship.
This trend towards investing in high-traffic areas, such as the Arts District, reflects a collective belief in Dallas’ potential for continued economic growth. The way forward seems promising for both investors and businesses as they work to rebuild and expand after recent economic challenges.
Conclusion
In summary, the acquisition of St. Paul Place by TRT Holdings marks a pivotal moment in the evolution of Dallas’ commercial real estate market. The sustained interest in this sector, particularly in the Arts District, showcases the positive impacts of private investment and entrepreneurial resilience. As we envision the future of the Dallas County economy, the ongoing support for local businesses and the environment created for innovation will remain essential for sustained growth.
Readers are encouraged to keep an eye on developments in the Arts District and to support local enterprises that contribute to the thriving business landscape in Dallas. Engaging with and investing in the community helps ensure a prosperous future for all residents.
FAQ
- What is St. Paul Place?
- St. Paul Place is a 22-story office building located at 750 North Saint Paul Street in Dallas’ Arts District, offering nearly 275,000 square feet of office space.
- Who are the tenants of St. Paul Place?
- Notable tenants include real estate information firm CoStar Group, Mayer LLP, and D Magazine.
- Who owns TRT Holdings?
- TRT Holdings is a Dallas-based investment firm founded by billionaire Robert Rowling and his father, Reese.
- What is the significance of this acquisition?
- This acquisition reflects the ongoing investment activity in Dallas’ commercial real estate sector, particularly in the Arts District, which continues to attract significant interest from both local and national investors.
| Feature | Details |
|---|---|
| Property Name | St. Paul Place |
| Location | 750 North Saint Paul Street, Dallas’ Arts District |
| Building Height | 22 stories |
| Office Space | Nearly 275,000 square feet |
| Notable Tenants | CoStar Group, Mayer LLP, D Magazine |
| Renovations | Significant renovations following a flood in April 2025 |
| Acquiring Firm | TRT Holdings |
| Acquisition Date | December 2, 2025 |
| Previous Owner | Pacific Elm Properties |
| Acquisition Price | Not disclosed |
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