Real Capital Solutions acquires 510,000-SF Dallas Office Tower; Lincoln Property Company Named Exclusive Leasing Agent

Lincoln Property Company (“Lincoln”), a global full-service real estate firm, has been tapped as the exclusive leasing agent for Tower at Park Lane, a 510,000-square-foot trophy office building in Dallas. Located at 8750 NorthPark Central, the building was recently acquired by Real Capital Solutions (“RCS”), who hired Lincoln to oversee the marketing and leasing at the Colorado-based firm’s first Dallas asset.

“Our team is excited to be a part of the Tower at Park Lane team with Real Capital Solutions. Their vision for the building will further cement this asset as a premier workspace in Dallas, attracting top-tier tenants and solidifying Tower at Park Lane as a leading business address,” said Chase Prospere, Senior Vice President with Lincoln.

The new owner plans to invest $13 million in a capital improvement project for the tower, which will include upgrades to the building’s lobby and fitness center, enhanced amenities, and the build out of a Town Hall-style spec-suite program, a concept that Lincoln has successfully implemented at several other office assets that the firm leases and manages.

“There is a growing demand for high-end office space in Dallas – the idea of flight-to-quality continues to hold true in major office markets across the U.S.,” added Worthey Wiles, Senior Vice President with Lincoln. “The planned renovations by RCS will bolster tenant retention, boost employee satisfaction, and attract new companies to the tower. Together, we will work to position this property as a premier destination for businesses that are looking for a well-located, sophisticated and amenity-rich office environment.”

Formerly known as NorthPark Central, Tower at Park Lane is situated at the intersection of I-75 and Loop 12. The building is walkable to Park Lane District, where tenants can access a variety of dining, shopping and entertainment.

About Lincoln Property Company

Lincoln Property Company (“Lincoln”) is one of the largest private real estate firms in the United States. Offering a fully integrated platform of real estate services and innovative solutions to owners, investors, lenders and occupiers, Lincoln supports the entire real estate lifecycle across asset types, including office, life science, retail, industrial, data center, production studio, healthcare, government, universities, and mixed-used properties, throughout the United States, United Kingdom, and Europe. Lincoln’s combined management and leasing portfolio on behalf of institutional clients includes more than 562 million square feet of commercial space. In addition to providing third-party real estate services, Lincoln has completed over 164 million square feet of development since its inception in 1965 and has another $19.5 billion currently under construction or in the pipeline. For more information, visit: www.lpc.com.