Business
Newmark Arranges Sale of Trophy Dallas Office Tower, The Link at Uptown
Transaction is the Largest for an Office Property in Dallas Year-to-Date1 DALLAS, July 31, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"
About this update from Newmark Group, Inc.
[{"type":"text","content":"Transaction is the Largest for an Office Property in Dallas Year-to-Date1\nDALLAS, July 31, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) (\"Newmark\" or \"the Company\"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has arranged the $218 million sale of The Link at Uptown, a recently delivered Class AA office tower in the Uptown submarket of Dallas, Texas. Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Austin Sheahan arranged the transaction on behalf of the seller, Kaizen Development Partners. Newmark Executive Vice Chairman and Head of International Capital Markets Alex Foshay also supported the transaction, which marks a new high sales price paid for the Dallas-Fort Worth area this year. The sale comes less than three weeks following the previous high watermark that was set through a Newmark-led sale process for Sterling Plaza.\n\n \n \n \n \n \n \n\n \nThe buyer is Cousins Properties (NYSE: CUZ), a real estate investment trust headquartered in Atlanta.\n\"This transaction is a resounding endorsement for Dallas-Fort Worth and a clear indicator of the market's strength,\" said Murphy. \"The outcome achieved here underscores investor conviction for best-in-class office and is a testament to the exceptional quality of the product delivered by our client, Kaizen. We look forward to the continued stewardship and success that The Link will experience under the new ownership of Cousins, one of the most respected and successful public REITs in the world today.\"\nBuilt in 2021 and featuring a luxury compilation of amenities and technology, the 25-story Link at Uptown totals 292,000 square feet with unobstructed, panoramic views in all directions. The property includes a diverse tenant base that spans multiple industries, with notable occupants including Houlihan Lokey, PMG and McGuireWoods. All of the property's leases were signed post-pandemic, with significant opportunity for future rent growth.\nThe Link at Uptown's office space is located above an amenity floor featuring a customer lounge, fitness and conference centers, and outdoor terrace with activity lawn. The trophy tower further benefits from its irreplaceable location in the center of Dallas' finest hotels, residences,...