VoIP Wholesaler Moving HQ to Fort Worth CBD

FORT WORTH-Drawing a close to an 18-month search, Transcom Enhanced Services will shift its headquarters from Las Colinas to Downtown Fort Worth. The full-floor lease for 13,440 sf is backed by a five-year stay with options.

Transcom will light the 16th floor of the 19-story Commerce Building at 307 W. 7th St. in February. The historic structure and its 16-story sister, the Oil & Gas Building at 309 W. 7th St., were bought in October for $26.7 million by RYLB FW Properties, a New York City-based investment group making its first purchase in Texas in an off-market transaction.

“We evaluated five or six buildings that could accommodate their needs,” Bill Dowd, senior vice president of CresaPartners in Dallas, tells GlobeSt.com. “But, they really liked the historic and unique qualities of the building.” The class B Commerce Building is a 1930 mix of Art Deco and Gothic architecture, designed by the late Wyatt C. Hedrick for the Fair department store. The adjacent Oil & Gas Building delivered in 1954, nine years before the Fair closed its doors.