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JLL Finalizes Sale of North Dallas Offices

JLL Capital Markets has closed the sale and financing of One Glen Lakes, a 168,953-square-foot, multi-tenant, Class A office building in Dallas. Terms weren’t disclosed.

JLL represented the seller, a joint venture between Stockbridge and Cawley Partners. The brokerage also procured the five-year, floating-rate structured loan with future funding for Capex and TI/LC on behalf of the buyer, ICM Asset Management.

The JLL Capital Markets investment advisory team representing the seller was led by Senior Managing Director Jack Crews. The debt placement team representing the borrower was led by Managing Director Jason Piering.

One Glen Lakes is located at 8140 Walnut Hill Ln., just west of the Texas Health Presbyterian Hospital campus in North Dallas. The 10-story building offers tenants an onsite deli, a convenience store, on-site banking and covered parking.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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