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DFW Land Acquires 120K-SF Dallas Office Property
Northwood Investors sold 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district in Dallas, Texas, to buyer DFW Land. The transaction follows DFW Land’s prior acquisition of 8070 & 8080 Park Lane.
Newmark Capital Markets’ Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan represented Northwood. Andrew Porteous of Newmark’s Debt & Structured Finance group, along with Clint Frease, Chris McColpin and Josh Francis, arranged the financing on behalf of DFW Land.
Originally constructed in 2015, 8020 Park Lane is an office building that is 100% leased to Energy Transfer LP.
The 33.5-acre Shops at Park Lane Mixed-Use District offers over 540,000 square feet of retail and more than 570 luxury residential units within walking distance. The district is anchored by premier retail and dining offerings and provides direct access to major transportation corridors and the Park Lane DART Station.
- ◦Sale/Acquisition
