Dallas-Fort Worth Biggest Office Sales of 2025

As companies shift focus to office space in the Dallas suburbs, so do investors. The region’s largest office trade of the year (by more than 100,000 square feet) was in the north Dallas city of Plano.

But this year’s list of biggest sales also reflects the supremacy of Uptown, which has cemented its status as the most coveted office submarket with the rise of “Y’all Street.” Uptown is becoming the headquarters of Dallas’ answer to Wall Street, with financial companies ranking the walkable district first on their office wishlists.

Here’s the list of Dallas-Fort Worth’s largest office sales of the year, with data from Cushman & Wakefield, Avison Young, Colliers, CBRE and Newmark.

Legacy West | 5905 Legacy Drive | 575,033 square feet

Indianapolis-based real estate investment trust Kite Realty teamed up with global investor GIC to plant a flag in Plano. The pair snagged Plano’s crown jewel, Legacy West, for a whopping $785 million in April. The property, at 5908 Headquarters Drive, is billed as a high-end retail center, but it’s also got 575,000 square feet of prime suburban Dallas office space — which has been the saving grace of the sluggish Dallas office market in 2025. The seller was a joint venture of The Karahan Companies and Invesco.

Texas Capital Center | 2000 McKinney Street | 456,000 square feet

An Uptown trade ranked second. Crescent Real Estate picked up the 21-story Texas Capital Center, at 2000 McKinney Avenue, in what was the city’s largest office deal in years. German investor Union Investment Real Estate sold the 457,000-square-foot property built in 2008 for an undisclosed price in September, but “a significant value increase,” it said in a release. The firm bought the building for $226 million, or $500 per square foot in 2016. It is anchored by Texas Capital Bank, which occupies 44 percent of the property. The bank has 15 more years on its lease. CoStar reported the building was 82.7 percent occupied in May. The property is adjacent to Klyde Warren Park.

Galleria North Tower | 13737 Noel Road | 379,518 square feet

Back to the ‘burbs: Boston-based WS Development nabbed Galleria North Tower, a 380,000-square-foot office tower in the Dallas North Tollway corridor for an undisclosed price in April. The seller was a fund owned by the Iowa Public Employees Retirement System. The property last changed hands in 2014 for $86 million, according to an SEC filing. The 16-story building, at 13737 Noel Road, was built in 1998 and is about 65 percent occupied

Sterling Plaza | 5949 Sherry Lane | 320,000 square feet

Californians aren’t just buying up homes in Texas. San Francisco–based Shorenstein Investment Advisers acquired Sterling Plaza, a 19-story, 313,600-square-foot office building in Dallas’ Preston Center submarket. The building at 5949 Sherry Lane is 87 percent leased and underwent renovations in 2023. The price wasn’t disclosed, but the July acquisition marks Shorenstein’s second major Dallas office investment in under a year, following its 2024 purchase of International Plaza II.

The Link | 2601 Olive Street | 292,000 square feet

Atlanta-based Cousins Properties wrapped up the Texas summer with a bang. The REIT bought The Link at Uptown in Dallas in July for $281 million, or a whopping $747 per square foot, as part of a $1 billion buying spree. The seller was Dallas-based Kaizen Development Partners, which completed the 25-story tower, at 2601 Olive Street, in 2021. It’s about 94 percent leased.

The Crossings | 5429 Lyndon B. Johnson Freeway | 233,000 square feet

Skywalker Property Partners has re-entered the office market with its first acquisition in seven years. The Dallas-based firm bought The Crossings, a 233,000-square-foot office building at 5429 Lyndon B. Johnson Freeway for an undisclosed price. The 10-story building near Galleria Dallas was 94 percent leased at the time of sale in May. The seller was Goddard Investment Group. The asset will be folded into Skywalker’s recently launched investment fund, the Leverage Strikes Back LLC.

4331 Communications Drive | 206,040 square feet

Dallas-based Forefront Commercial Real Estate snapped up 4331 at Pinnacle Park, an Oak Cliff office at 4331 Communications Drive in January. The property ended up in foreclosure after Mexico City-based private equity fund the Aztec Fund appeared to default on a $65 million loan from Bank of American tied to 4331 at Pinnacle Park and five other North Texas assets.

Commerce Plaza Hillcrest | 12800–12890 Hillcrest Road | 204,650 square feet

One of the biggest office deals of the year has nothing to do with the office space. In the first quarter, Texas grocery giant H-E-B picked up Commerce Plaza Hillcrest for the land. The 204,650-square-foot office campus, at 2800–12890 Hillcrest Road sits on nearly 10 acres. H-E-B is gearing up to build its first Dallas store on the property after winning a contentious zoning fight against residents who said the store would be “out of character” with the neighborhood. Plus, H-E-B did the seller a solid by taking the property off its hands: Silver Star Properties is three years into a sell-off of its commercial holdings as it tries to execute a pivot to self-storage. The purchase price was not disclosed.

Intellicenter | 3701 Regent Boulevard | 200,079 square feet

Doug Agarwal’s Capital Commercial Investments bought Intellicenter in February for an undisclosed price, and plans to give it a new life. The 200,000-square-foot Irving office property at 3701 Regent Boulevard was also part of the Aztec Fund-owned portfolio that landed in foreclosure in 2024. Intellicenter was built in 2007.

Preston Sherry Plaza | 8201 Preston Road | 165,000 square feet

Austin-based Endeavor planted a flag in Dallas with its purchase of Preston Sherry Plaza in July. The 165,000-square-foot mixed-use development features two floors of retail and five floors of offices. It was built in 1986 and was 93 percent leased at the time of the trade. Endeavor’s ownership is clearly shaking things up, as Sevy’s Grill, a longtime Preston Hollow power lunch haunt anchoring the ground floor, announced plans to close in the summer of 2026.