Dallas Office Towers Picked by Morning Calm

Morning Calm Management has acquired Towers at Park Central, a three-building Dallas office campus totaling about 875,000 square feet. The previous owner was TPG. Morning Calm intends to further upgrade the campus, building on the $7.5 million investment from the previous owner. Morning Calm’s Mukang Cho is not worried about the dicey economy, “Demographic trends continue to tilt in favor of markets like Dallas and those are tailwinds that will have legs, even if the broader economy slows down.”

Located at 12750, 12770 and 12790 Merit Drive, the office buildings came online in the early 1980s and underwent complete renovations in 2007. The LEED-certified assets range between eight to 14 stories and feature various amenities including conference and training rooms, a fitness center, tenant lounge, cafeteria, as well as private parking with EV charging stations.

Towers at Park Central was roughly 70 percent leased at the time of sale to a variety of tenants. Newmark’s Nathan Durham leads the leasing team.