Leland Burk

Burk has a pattern of buying retail nodes tucked into neighborhoods. 

He’s poised to pull the trigger on the highrise redevelopment of a Preston Hollow parking lot, a project that could propel his reputation as a community leader who invests in shopping centers to the realm of a major Dallas real estate player.

Burk’s family office, Burk Interests, partnered with Greenway Investment Company recently on a $650 million proposal to build residential and hotel towers rising 24 and 28 stories at 5924 Royal Lane, across the street from a Central Market store, in one of the city’s wealthiest areas. Their rezoning proposal was submitted in October 2025.

It’s as Dallas-y a deal as they come. 

Dallas-based Greenway, led by Gerald Stool, has held the development site through a trust for decades, and Burk is now part owner, according to appraisal district records.

He also bought the adjacent Preston Royal Southwest shopping center at 5930-5950 Royal Lane in 2025, appraisal district records show. The seller was a trust belonging to the late Robert H. Mitchell, the second-generation landlord of the 1963-built retail strip. 

Burke, a third generation Dallasite, co-founded First Independent National Bank before relaunching his family firm in the mid-1980s, investing in retail and mixed-use property. A fourth generation of the family is at work in the firm.