San Francisco-based Sixth Street plans to spend an estimated $3.2 million to renovate its office space in Uptown Dallas.
“Our Dallas office is one of the largest offices we have,” spokesperson Rebecca Vignali told The Dallas Express. “Our team has doubled over the past few years. Since 2020, we have grown to add 200 people, so this [project] is adding to keep up with that growth.”
Sixth Street is a global investment firm whose portfolio spans the real-estate sector, including industrial, retail, residential, office, and hospitality. According to a Texas Department of Licensing and Regulation filing, the renovations include all of the 10th floor and part of the 11th floor. Vignali said those are the only two levels Sixth Street leases at 2100 McKinney, a 19-story office tower near Klyde Warren Park.
The anticipated delivery date is October 15.
According to a news release regarding a fourth-quarter earnings call in December, Sixth Street employs more than 550 people around the world at its offices in Dallas, Austin, Houston, San Francisco, New York, Boston, Chicago, Luxembourg, Hong Kong, and London. Assets under management and capital investments exceed $75 billion.
Earlier this month, Sixth Street announced the expansion of its real estate platform by adding Marcos Alvarado as partner and head of U.S. real estate.
“Our team at Sixth Street has been investing in real estate for more than two decades, and we understand that the current market environment requires patient capital and a diversified set of capabilities,” said Julian Salisbury, co-chief investment officer, in the release.
Alvarado was previously with Safehold Inc. and its predecessor, iStar, where he was president and chief investment officer. Before that, Alvarado was head of acquisitions and business operations for Cadre and managing director at Starwood Capital.