Range Resources Corporation, a major tenant in downtown Fort Worth’s Two City Place, will leave the building when its lease ends in 2027. The company, which has occupied about 112,000 square feet—approximately 35 percent of the tower—since 2007, plans to relocate to the nearby 777 Main tower. Citadel Partners, which manages leasing for Two City Place, confirmed these figures.
Jon Ruff, president and COO of Spire Realty Group—the Dallas-based owner of Two City Place—confirmed Range Resources’ departure. He emphasized that the decision was not due to problems with the building. “We expect that the space is going to lease,” Ruff said. “And we expect that it’s going to lease at a rate that is probably better than we would have gotten if we would have renewed Range Resources.”
Range Resources will occupy four floors at 777 Main, a recently constructed tower in Fort Worth’s central business district. A spokesperson for Range said the new office space will be similar in size to their current footprint but did not provide further details on the move.
Two City Place, formerly part of the Tandy Towers complex and once home to RadioShack’s headquarters, is one of two 19-story buildings connected by an annex with retail and parking facilities. The complex totals about 1.2 million square feet. The last renovation of Two City Place occurred in 2008; its sister tower was updated in 2014.
Spire Realty Group plans significant updates following Range’s exit, including a “major overhaul” of common areas focused on the lobby and new ground-floor retail options such as a coffee shop and Italian restaurant Buonissimo.
According to Citadel Partners, vacancy rates for Class A and B office space in downtown Fort Worth are around 11 percent, with few large spaces available. Currently, Two City Place is nearly 90 percent leased but will offer approximately 120,000 contiguous square feet after Range vacates.
