A Florida company is buying a three-building highrise office complex in Dallas with plans to add more to its North Texas portfolio.
Morning Calm Management recently took control of the Towers at Park Central on LBJ Freeway, the Dallas Morning News reported. Now the company is looking to buy other Dallas/Fort Worth property.
Towers at Park Central is an 875,000-square-foot campus located on Merit Drive, west of Central Expressway. The eight- to 14-story office buildings, constructed in the ’80s, are 70 percent leased. Tenants include SCP Health, Daisy Brand, Arthur J. Gallagher and Milliman. JLL marketed the buildings.
Newmark Group will lease the remainder, and Morning Calm has plans to add amenities.
Nathan Durham with Morning Calm will market the buildings along with Duane Henley and Natalie Serio from Newmark.
Morning Calm operates 9.5 million square feet of commercial properties in the United States.
“We expect Towers at Park Central to be our first of many acquisitions in the Dallas-Fort Worth market,” said Bryan Zenchyk of Morning Calm. “Some of the most dynamic companies in Texas, and the world, are choosing to grow in Dallas, and we are excited to have the chance to serve their real estate needs.”
Morning Calm recently bought properties in the midwest, Florida and Maryland.
Read more
Development
Dallas
Irving City Council to consider 22-acre office-to-resi conversion
— Victoria Pruitt