Newmark Arranges Sale and Acquisition Financing for 1.4-MSF Office Campus in Las Colinas, Texas

Newmark has arranged the sale and acquisition financing of The Towers at Williams Square, a four-building, Class A office campus totaling approximately 1.4 million square feet in the Las Colinas Urban Center, one of the Dallas-Fort Worth region's corporate destinations, the firm announced May 15, 2026.

The buyer is a joint venture comprising Vanderbilt Office Properties, Hillwood Urban, and TriPost Capital Partners. Financial terms of the transaction, including sale price and loan amount, were not disclosed.

Deal Team and Transaction Structure

Newmark Vice Chairmen Brian Murphy, Gary Carr, and Robert Hill, along with Director Austin Sheahan, represented the seller in the investment sale. Senior Managing Director Andrew Porteous led the acquisition financing effort on behalf of the buyer joint venture, alongside Vice Chairman Clint Frease, Senior Managing Director Chris McColpin, and Director Josh Francis.

"The Towers at Williams Square represents a rare opportunity to acquire institutional-quality scale in one of the most established and amenity-rich office submarkets in the country," Murphy said in a statement. "We continue to see strong investor interest in well-located, high-quality assets where basis and long-term leasing upside align."

Property Overview

Originally constructed as a premier corporate campus, The Towers at Williams Square comprises three interconnected towers with modernized infrastructure and significant recent capital investment, including approximately $25 million in renovations to lobbies, tenant amenities, and shared spaces.

At the time of the transaction, the campus was approximately 76% leased and had generated significant tenant tour activity over the prior six months, according to Newmark. The property is situated within the Las Colinas Urban Center, a mixed-use environment offering dining, hospitality, and entertainment options, as well as proximity to both Dallas/Fort Worth International Airport and Dallas Love Field Airport.

Market Context

According to Newmark Research, investor demand for high-quality office assets in Sun Belt markets remains selective but durable, with capital increasingly focused on properties offering strong amenity packages, leasing momentum, and attractive going-in basis. The firm noted that as the office market continues to reset, assets with clear pathways to stabilization are attracting both institutional and private capital.

Newmark cited its fourth-quarter 2025 U.S. Capital Markets Conditions & Trends report in support of those observations. The firm's footnote indicated the transaction ranks among notable office trades by sales price and square footage, based on analysis of MSCI Real Capital Analytics data, though the exact sale price was not disclosed.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm that generated revenues of more than $3.4 billion for the twelve months ended March 31, 2026, and operates from more than 185 offices with over 9,600 professionals across four continents.

Sources: Newmark Press Release, May 15, 2026