DALLAS OFFICE TOWER SELLS FOR RECORD-BREAKING $218 MILLION

A 25-story Class AA office tower in Dallas' Uptown area, known as The Link at Uptown, has sold for a whopping $218 million, setting a new record for office sales in the city. This significant transaction showcases the resilience and attractiveness of Dallas' premium office real estate marke

DETAILS OF THE SALE - *The Link at Uptown*: This 292,000-square-foot office tower is located in the heart of Dallas' Uptown area, boasting stunning views of the city skyline. - *Record-Breaking Price*: The $218 million sale price translates to a 4.7% cap rate, highlighting the market's willingness to pay a premium for high-quality assets with strong tenant credit and modern infrastructure. - *Tenant Roster*: The building is 93.6% leased to top-tier tenants, including Houlihan Lokey, PMG, and McGuireWoods, who signed leases post-pandemic, signaling confidence in the building's value proposition. MARKET TRENDS - *Dallas Office Market*: The city's office market has outperformed many other US metro areas in the post-pandemic recovery, driven by a robust labor market and return-to-office movement. - *Class AA Properties*: These high-end properties now account for 70% of new office space absorption in the region, with The Link at Uptown being a prime example of their appeal. - *Investor Confidence*: The sale demonstrates institutional confidence in premium office real estate, with investors seeking assets with strong tenant credit, modern infrastructure, and prime locatio