As investors increasingly target Dallas-Fort Worth’s suburban office market, the largest office sale of 2025 occurred in Plano. The trend reflects a shift in both company and investor focus toward suburban locations.
Despite this move to the suburbs, Uptown Dallas remains a leading destination for office investment. With its growing reputation as “Y’all Street,” Uptown is becoming a center for financial firms seeking walkable districts for their headquarters.
According to data from Cushman & Wakefield, Avison Young, Colliers, CBRE, and Newmark, the top DFW office sales of 2025 are as follows:
The largest transaction was Legacy West in Plano, purchased by Kite Realty Trust and GIC for $785 million. The property includes over 575,000 square feet of office space at 5908 Headquarters Drive. The seller was a joint venture between The Karahan Companies and Invesco.
The second-largest deal was Crescent Real Estate’s acquisition of Texas Capital Center at 2000 McKinney Avenue in Uptown. Union Investment Real Estate sold the 457,000-square-foot building after purchasing it for $226 million in 2016. “A significant value increase,” Union Investment said in a release about the September sale. Texas Capital Bank anchors the building with a long-term lease.
WS Development bought Galleria North Tower on Noel Road, which spans nearly 380,000 square feet. The seller was an Iowa Public Employees Retirement System fund. The tower was last sold in 2014 for $86 million.
Shorenstein Investment Advisers acquired Sterling Plaza in Preston Center during July. This marks Shorenstein’s second major Dallas purchase within a year.
Cousins Properties added The Link at Uptown to its portfolio as part of a broader buying spree totaling $1 billion. The property is about 94 percent leased and was sold by Kaizen Development Partners.
Skywalker Property Partners re-entered the office market with its purchase of The Crossings near Galleria Dallas, adding the asset to its new investment fund.
Forefront Commercial Real Estate acquired an Oak Cliff property at Pinnacle Park after it went into foreclosure due to loan default by Aztec Fund.
H-E-B purchased Commerce Plaza Hillcrest primarily for redevelopment purposes following zoning disputes with local residents. Silver Star Properties sold the campus as part of its transition strategy away from commercial holdings.
Capital Commercial Investments bought Intellicenter in Irving after foreclosure proceedings against Aztec Fund assets.
Endeavor made its first Dallas acquisition with Preston Sherry Plaza; following this change in ownership, Sevy’s Grill announced it would close next summer after years as a neighborhood staple.
