Key Takeaways
- • A joint venture between Vanderbilt Office Properties, Hillwood, and TriPost Capital Partners acquired The Towers at Williams Square, a 1.4 million square foot, four-building Class A office campus in Las Colinas, Texas, marking the largest office sale in the Dallas-Fort Worth Metroplex year-to-date.
- • The asset traded at $222 per square foot, slightly above the national average of $220, reflecting continued institutional investor demand for well-capitalized, high-quality office properties in established submarkets.
- • The property features approximately $25 million in recent capital improvements across lobbies, tenant amenities, and shared spaces, with current occupancy at 76% and demonstrated leasing momentum over the past six months.
- • Newmark arranged both the sale and acquisition financing, with Vice Chairmen Chris Murphy, Gary Carr, and Robert Hill representing the seller, while Senior Managing Director Andrew Porteous coordinated financing for the buyer JV.
- • The transaction underscores selective but persistent institutional capital deployment into premium office assets in Sun Belt markets where basis alignment and long-term leasing upside support investment thesis fundamentals.
Summary
Newmark has facilitated the sale and acquisition financing of The Towers at Williams Square, a substantial office campus comprising 1.4 million square feet across four interconnected buildings located in the Las Colinas Urban Center within the Dallas-Fort Worth region. The transaction represents the largest office sale in the DFW Metroplex for the year-to-date period as of May 2026, underscoring continued institutional capital activity in selective high-quality markets despite broader office sector headwinds.
The buyer is a joint venture partnership of Vanderbilt Office Properties, Hillwood, and TriPost Capital Partners—a strategic combination positioning the asset under experienced institutional ownership with regional and national investment expertise. The property traded at $222 per square foot, marginally above the national average benchmark of $220 per square foot, reflecting the institutional-quality positioning and location premium commanded by this established corporate campus within one of the Dallas-Fort Worth region's premier office submarkets.
The asset's fundamentals support the investment thesis. Originally built as a premier corporate headquarters campus, The Towers at Williams Square features three interconnected towers with modernized infrastructure and institutional ownership history. Recent capital deployment totaling approximately $25 million has upgraded lobbies, tenant amenities, and shared spaces, enhancing the property's competitive positioning. Current occupancy stands at approximately 76%, with significant tenant tour activity documented over the past six months, indicating sustained leasing momentum and preleasing opportunity in a selective office market environment.
Newmark's transaction team included Vice Chairmen Chris Murphy, Gary Carr, and Robert Hill representing the seller, along with Director Austin Sheahan. On the buyer side, Senior Managing Director Andrew Porteous coordinated acquisition financing alongside Vice Chairman Clint Frease, Senior Managing Director Chris McColpin, and Director Josh Francis. The multiservice transaction structure reflects both the scale and complexity of institutional office sales in the current market, where financing coordination and seller representation require senior-level expertise.
The buyer is a joint venture partnership of Vanderbilt Office Properties, Hillwood, and TriPost Capital Partners—a strategic combination positioning the asset under experienced institutional ownership with regional and national investment expertise. The property traded at $222 per square foot, marginally above the national average benchmark of $220 per square foot, reflecting the institutional-quality positioning and location premium commanded by this established corporate campus within one of the Dallas-Fort Worth region's premier office submarkets.
The asset's fundamentals support the investment thesis. Originally built as a premier corporate headquarters campus, The Towers at Williams Square features three interconnected towers with modernized infrastructure and institutional ownership history. Recent capital deployment totaling approximately $25 million has upgraded lobbies, tenant amenities, and shared spaces, enhancing the property's competitive positioning. Current occupancy stands at approximately 76%, with significant tenant tour activity documented over the past six months, indicating sustained leasing momentum and preleasing opportunity in a selective office market environment.
Newmark's transaction team included Vice Chairmen Chris Murphy, Gary Carr, and Robert Hill representing the seller, along with Director Austin Sheahan. On the buyer side, Senior Managing Director Andrew Porteous coordinated acquisition financing alongside Vice Chairman Clint Frease, Senior Managing Director Chris McColpin, and Director Josh Francis. The multiservice transaction structure reflects both the scale and complexity of institutional office sales in the current market, where financing coordination and seller representation require senior-level expertise.
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