Exclusive: PGIM Provides $55M for Fort Worth Mixed-Use Refi

July 29, 2026

Finance Dallas Mixed Use News More Southwest

The campus includes office and retail space.

Trademark Property Co. has secured a $55 million refinancing loan for Westbend, a 281,000-square-foot mixed-use campus comprising office and retail space in Fort Worth, Texas, according to Yardi Matrix. PGIM issued the seven-year note, which retired a previous loan in the same amount originated by JP Morgan in 2016.

Westbend includes an 11-story office tower, historically known as River Plaza Tower, that debuted in the early 1980s. Trademark repositioned that building as part of a 2015 mixed-use project, which added a new 81,150-square-foot low-rise facility and demolished a parking garage. A decade later, the property’s mixed-use design evolved with a new residential building underway.

Trademark CEO & Founder Terry Montesi told Commercial Property Executive that the company plans to hold the campus. Westbend’s retail portion is fully occupied, while its office segment has a 97 percent lease rate.

The firm is headquartered at Westbend, with the office tenant roster also comprising ECapital Management and Regus, which operates a coworking space at the property. Retail companies include quick-service restaurants such as Shake Shack and Sweetgreen, as well as apparel firms TYLER’S and INDOCHINO, among others.

Located at 1701 River Run, the campus is on the banks of Clear Fork Trinity River, about 2 miles from the Chisholm Trail and Interstate 30 interchange. Downtown Fort Worth is more than 3 miles northeast.

Trademark continues redeveloping aging DFW properties

Fort Worth-based Trademark has invested in, developed or redeveloped 24 million square feet of mixed-use space, including office, retail and residential spaces with a capitalization of $5 billion.

The company will embark on a similar redevelopment in Arlington, Texas, within the Metroplex. Next month, Trademark and Harrison Street will break ground on Anthem, a 404,000-square-foot retail project that repositions a 43-year-old shopping center. Completion is expected in 2028.