MS · News · 20261102N

Dallas Hub Expansion

MORGAN STANLEY · 2026-11-02 · Importance 34 · Surprise 42

Cousins Properties formed a joint venture with Trammell Crow Company to acquire a 2.3-acre Dallas development site where Morgan Stanley plans a $1.2 billion high-rise. Cousins held a 97.5% equity interest in the venture and paid $50 million at formation, including $42 million for the land and $8 million for predevelopment costs. Trammell Crow will lead day-to-day development, while Cousins will be a limited partner. The land’s total sale price was not disclosed.

Key facts

• Morgan Stanley is associated with a planned $1.2 billion high-rise on a 2.3-acre development site in Dallas. source