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Cawley Teams Up for Deal in Las Calinas

In its second DFW-area deal this week, Cawley Partners teamed with Vancouver-based Balfour Pacific Capital to acquire Westpoint I, a 150,000-square-foot office building at 1255 Corporate Dr. in Irving’s Las Colinas submarket. Earlier this week, Cawley and Staubach Capital acquired Sabre’s headquarters in Southlake.

“Westpoint I ticks many boxes for us,” said Mark Scott, Balfour Pacific’s managing partner. “It’s a stabilized property anchored by investment-grade credit, but with value-add characteristics and significant upside.”It’s Balfour Pacific’s second acquisition in Dallas.

Plans are in the works to add a new grab-and-go food service. Renovations of the restrooms and common areas are also planned for the first and second floors. Westpoint I is being leased by Addie Ludwig of Cawley Partners.

JLL’s Parker McCormack and Andrew Levy represented the seller, Highbrook Investors.

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