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Newmark Arranges Sale of Trophy Dallas Office Tower, The Link at Uptown
Prnewswireยท 2025-07-31 22:02
Core Insights - The transaction involving The Link at Uptown is the largest office property sale in the Dallas-Fort Worth area year-to-date, with a sale price of $218 million [1][8] - The buyer, Cousins Properties, is a well-respected real estate investment trust based in Atlanta [2] - The sale reflects strong investor confidence in the Dallas-Fort Worth market, highlighting its resilience and growth potential [3][5] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor and service provider, facilitating the sale of The Link at Uptown [1] - For the twelve months ending March 31, 2025, Newmark generated revenues exceeding $2.8 billion and operates approximately 165 offices globally with around 8,100 professionals [6] Property Details - The Link at Uptown is a 25-story Class AA office tower built in 2021, encompassing 292,000 square feet and featuring luxury amenities [3][4] - The property has a diverse tenant base with leases signed post-pandemic, indicating potential for future rent growth [3] Market Context - Dallas-Fort Worth is projected to lead the nation in employment and population growth through 2026, showcasing a strong post-pandemic job recovery and high return-to-office rates [5]