CBRE Hired to Market Trophy Office Tower in Dallas

CBRE has been hired to market the Tower at Park Lane, a prominently-positioned 20-story office building located adjacent to the Shops at Park Lane in Dallas. 

Formerly 8750 NorthPark Central, the 509,818 sq. ft. office tower underwent renovations in 2018 including enhancements to the building café, fitness center, tenant lounge and conference facility. New ownership will have the opportunity to continue the repositioning effort by transforming the building into a mixed-used development through various improvements such as reorienting pedestrian pathways, introducing a hospitality experience, introducing modern amenities like a full-service bar and golf simulators, creating an indoor/outdoor experience for tenants, and further integration with the Park Lane community through the addition of a pickleball courts. 

“This is a rare opportunity for investors to acquire a highly visible Class A office product that presents the opportunity to make additional improvements that truly transform the project and its position within the marketplace,” said Russell Ingrum, vice chairman with CBRE. “It will be exciting to see how the buyer will be able to reimagine the space.” 

The building is currently 69% occupied, with notable tenants including TopGolf, Match.com and Texas A&M University. Tenants benefit from immediate walkability to the Park Lane District, one of Dallas’ most desirable mixed-use centers with over 550 multifamily units, more than 40 retail, dining and entertainment options, and a location immediately across the highway from North Park Mall, one of the top performing malls in the United States. 

CBRE’s Russell Ingrum, Patrick Benoist, Jared Chua, Michael Dewey, Matt Murphy and Jennifer Joseph are representing building ownership in sale negotiations.