Newmark Arranges Sale of Trophy Dallas Office Tower, The Link at Uptown
Newmark Group (NASDAQ: NMRK) has facilitated the $218 million sale of The Link at Uptown, a Class AA office tower in Dallas, Texas. The transaction, representing the largest office property sale in Dallas this year, was arranged on behalf of Kaizen Development Partners, with Cousins Properties (NYSE: CUZ) as the buyer.
The 25-story building, completed in 2021, spans 292,000 square feet and features premium amenities including a customer lounge, fitness center, conference facilities, and an outdoor terrace. The property hosts notable tenants such as Houlihan Lokey, PMG, and McGuireWoods, with all leases signed post-pandemic.
The sale highlights Dallas-Fort Worth's strong market position, ranking first in projected employment and population growth through 2026, with top-tier post-pandemic job recovery and return-to-office rates.Newmark Group (NASDAQ: NMRK) ha facilitato la vendita da 218 milioni di dollari di The Link at Uptown, una torre per uffici di Classe AA a Dallas, Texas. La transazione, che rappresenta la pi霉 grande vendita di immobili per uffici a Dallas quest'anno, 猫 stata organizzata per conto di Kaizen Development Partners, con Cousins Properties (NYSE: CUZ) come acquirente.
L'edificio di 25 piani, completato nel 2021, si estende su 292.000 piedi quadrati e offre servizi di alta qualit脿, tra cui un lounge per clienti, una palestra, sale conferenze e una terrazza esterna. Tra gli inquilini di rilievo figurano Houlihan Lokey, PMG e McGuireWoods, con tutti i contratti di locazione firmati dopo la pandemia.
La vendita mette in evidenza la forte posizione di mercato dell'area Dallas-Fort Worth, che si classifica al primo posto per crescita prevista dell'occupazione e della popolazione fino al 2026, con un recupero occupazionale post-pandemia di alto livello e alti tassi di ritorno in ufficio.
Newmark Group (NASDAQ: NMRK) ha facilitado la venta de 218 millones de d贸lares de The Link at Uptown, una torre de oficinas Clase AA en Dallas, Texas. La transacci贸n, que representa la venta de propiedad de oficinas m谩s grande en Dallas este a帽o, fue gestionada en nombre de Kaizen Development Partners, con Cousins Properties (NYSE: CUZ) como comprador.
El edificio de 25 pisos, terminado en 2021, abarca 292,000 pies cuadrados y cuenta con comodidades premium como un lounge para clientes, gimnasio, salas de conferencias y una terraza al aire libre. Entre los inquilinos destacados se encuentran Houlihan Lokey, PMG y McGuireWoods, con todos los contratos firmados despu茅s de la pandemia.
La venta destaca la fuerte posici贸n del mercado de Dallas-Fort Worth, que ocupa el primer lugar en crecimiento proyectado de empleo y poblaci贸n hasta 2026, con una recuperaci贸n laboral post-pandemia de primer nivel y altas tasas de regreso a la oficina.
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Newmark Group (NASDAQ: NMRK) a facilit茅 la vente de 218 millions de dollars de The Link at Uptown, une tour de bureaux de classe AA 脿 Dallas, Texas. Cette transaction, la plus importante vente d'un immeuble de bureaux 脿 Dallas cette ann茅e, a 茅t茅 organis茅e pour le compte de Kaizen Development Partners, avec Cousins Properties (NYSE: CUZ) en tant qu'acheteur.
L'immeuble de 25 茅tages, achev茅 en 2021, s'茅tend sur 292 000 pieds carr茅s et dispose d'茅quipements haut de gamme, notamment un salon client, une salle de sport, des salles de conf茅rence et une terrasse ext茅rieure. Parmi les locataires notables figurent Houlihan Lokey, PMG et McGuireWoods, avec tous les baux sign茅s apr猫s la pand茅mie.
Cette vente souligne la solide position du march茅 de Dallas-Fort Worth, qui se classe premier en termes de croissance pr茅vue de l'emploi et de la population jusqu'en 2026, avec une reprise de l'emploi post-pand茅mique de premier ordre et des taux 茅lev茅s de retour au bureau.
Newmark Group (NASDAQ: NMRK) hat den 218 Millionen Dollar Verkauf von The Link at Uptown, einem Class-AA-B眉roturm in Dallas, Texas, vermittelt. Die Transaktion, die den gr枚脽ten Verkauf einer B眉roimmobilie in Dallas in diesem Jahr darstellt, wurde im Auftrag von Kaizen Development Partners arrangiert, wobei Cousins Properties (NYSE: CUZ) als K盲ufer auftrat.
Das 25-st枚ckige Geb盲ude, das 2021 fertiggestellt wurde, umfasst 292.000 Quadratfu脽 und bietet erstklassige Annehmlichkeiten wie eine Kundenlounge, ein Fitnesscenter, Konferenzr盲ume und eine Au脽enterrasse. Zu den namhaften Mietern z盲hlen Houlihan Lokey, PMG und McGuireWoods, wobei alle Mietvertr盲ge nach der Pandemie abgeschlossen wurden.
Der Verkauf unterstreicht die starke Marktposition von Dallas-Fort Worth, das bis 2026 f眉hrend bei der prognostizierten Besch盲ftigungs- und Bev枚lkerungszunahme ist und eine erstklassige Erholung des Arbeitsmarktes sowie hohe R眉ckkehrquoten ins B眉ro nach der Pandemie verzeichnet.
- Largest office property sale in Dallas year-to-date at $218 million
- Property is 100% leased with post-pandemic agreements, indicating strong demand
- Premium Class AA office space with 292,000 square feet in prime Uptown location
- Dallas-Fort Worth market ranks first in projected employment and population growth through 2026
- None.
Insights
Newmark's arrangement of Dallas' largest 2023 office sale signals strong investor confidence in premium office assets despite broader market challenges.
Newmark (NMRK) has arranged the
The transaction carries substantial weight for several reasons. First, the property is fully leased with all post-pandemic commitments, demonstrating strong tenant confidence in premium office spaces despite remote work trends. Second, the deal occurred just weeks after Newmark's arrangement of the Sterling Plaza sale, suggesting acceleration in high-end office investment activity in the region.
The Link at Uptown embodies the flight-to-quality trend dominating commercial real estate, featuring luxury amenities, advanced technology integration, and an irreplaceable location in Dallas' prime district. At 292,000 square feet across 25 stories, the 2021-built tower represents the type of Class AA asset that continues attracting investment despite broader office market headwinds.
For Newmark, this transaction reinforces their leadership position in facilitating major commercial deals, particularly important as they compete for high-profile listings in a contracted transaction environment. For investors, it signals continued institutional appetite for premier office assets in growth markets, with Dallas-Fort Worth's strong fundamentals (leading post-pandemic job recovery and top-three return-to-office rates) providing validation for commercial real estate allocation strategies focused on sunbelt metros.
Transaction is the Largest for an Office Property in Dallas Year-to-Date1
The buyer is Cousins Properties (NYSE:聽CUZ), a real estate investment trust headquartered in
"This transaction is a resounding endorsement for
Built in 2021 and featuring a luxury compilation of amenities and technology, the 25-story Link at Uptown totals 292,000 square feet with unobstructed, panoramic views in all directions. The property includes a diverse tenant base that spans multiple industries, with notable occupants including Houlihan Lokey, PMG and McGuireWoods. All of the property's leases were signed post-pandemic, with significant opportunity for future rent growth.
The Link at Uptown's office space is located above an amenity floor featuring a customer lounge, fitness and conference centers, and outdoor terrace with activity lawn. The trophy tower further benefits from its irreplaceable location in the center of
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.聽For the twelve months ended March 31, 2025, Newmark generated revenues of over
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
1 By sales price, according to Newmark Research and AG真人官方 Capital Analytics
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