An Uptown Dallas office tower has sold for $218 million — a new record for 2025.
Atlanta-based real estate investment trust Cousins Properties purchased The Link at Uptown, a recently completed Class AA office tower at 2601 Olive St.
Newmark Group Inc. vice chairmen Chris Murphy, Robert Hill and Gary Carr, and director Austin Sheahan arranged the transaction on behalf of the seller, Kaizen Development Partners.
Newmark executive vice chairman and head of international capital markets Alex Foshay also supported the transaction.
D-FW Real Estate News
The transaction marks a new high sales price paid in the Dallas-Fort Worth market this year. It eclipsed the previous high mark set weeks ago by the Newmark-led sale of Sterling Plaza, according to Newmark’s market research.
The Link at Uptown sale is the fifth-largest office transaction in the Dallas-Fort Worth market since 2020, said Steve Triolet, senior vice president of research and market forecasting at Partners Real Estate.
Built in 2021, the 25-story Link at Uptown tower covers 292,000 square feet. Notable tenants include Houlihan Lokey, PMG and McGuireWoods.
The sale comes as Kaizen Development Partners begins work on another Uptown project, Chalk Hill. The firm began abatement and demolition proceedings on the old North Texas Public Broadcasting building at the corner of Wolf Street and North Harwood Avenue in June.
The luxury mixed-use project will include 400,000 square feet of office space, a 217-room hotel, 61 luxury condo units and retail, food and beverage components.
Vacancies in Dallas’ office market experienced their first drop in five years earlier this summer thanks in large part to the Uptown boom.
Nearly three-quarters of the metro’s current 2.7-million-square-foot construction pipeline is in Uptown.
“This transaction is a resounding endorsement for Dallas-Fort Worth and a clear indicator of the market’s strength,” Murphy said in a statement.