The property at 8020 Park Lane is a 120,923-square-foot Class A office property located within The Shops at Park Lane. The site was purchased by DFW Land.
Newmark
A Dallas real estate investment and development firm is continuing its northeast Dallas buying spree.
Vijay Borra’s DFW Land purchased 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district. The move comes after DFW Land’s prior acquisition of the nearby 8070 and 8080 Park Lane properties, which total nearly 231,000 square feet.
Originally constructed in 2015, 8020 Park Lane is 100% leased to Energy Transfer LP. Newmark Capital Markets vice chairmen Chris Murphy, Gary Carr and Robert Hill as well as director Austin Sheahan represented the seller, Northwood Investors, in the transaction. Senior managing director Andrew Porteous of Newmark’s Debt and Structured Finance group, along with vice chairman Clint Frease, senior managing director Chris McColpin and director Josh Francis, arranged the financing on behalf of DFW Land.
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The Shops at Park Lane is located across U.S. 75 from NorthPark Center.
Contributed/Jones Lang LaSalle
Financial terms of the deal were not disclosed. The move gives the Dallas-based firm roughly 350,000 square feet of office space within a central location in the metro.
“Expanding our presence at Park Lane was a natural next step as we continue to grow our portfolio in high-quality, mixed-use locations,” Borra said in a statement. “8020 Park Lane adds a best-in-class, stabilized asset with strong tenancy and further reinforces our long-term commitment to this submarket.”
Big Irving lease
Conservative media personality Glenn Beck’s American Journey Experience is taking an entire Irving office building for a new museum and research library.
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The museum arm of Beck’s Mercury One nonprofit will occupy 6655 N. MacArthur Blvd. under a 12-year lease, expanding from 30,000 square feet to more than 172,000 square feet.
Glenn Beck’s American Journey Experience is a museum and educational center that he founded in 2020.
Ross D. Franklin/AP
Cushman & Wakefield’s Matt Schendle and Mary Frances Burnette represented Orion Properties, while the firm’s Steve Wentz represented tenant Mercury One. The brokers said it was one Las Colinas’ largest direct new office lease in the past five years.
The American Journey Experience is a museum and educational center founded in 2020 by Glenn Beck and home to more than 100,000 American artifacts. Visitors are invited to physically handle original documents and artifacts. The museum is projected to open as early as the end of 2026.
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Builder reaches D-FW
A Texas homebuilder with a presence in Houston and San Antonio announced Wednesday that it would be expanding to Dallas-Fort Worth.
First America Homes, the homebuilding division of the Texas real estate developer The Signorelli Co., is adding D-FW to its portfolio. D-FW’s market conditions presented a compelling opportunity, said Danny Signorelli, founder and CEO of The Signorelli Co.
“After evaluating Dallas-Fort Worth for several years, we believe the timing is right to expand,” Signorelli said in a news release. “Our financial strength and long-term perspective allow us to capitalize on strategic opportunities while helping industry partners right-size their positions.”
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Texas homebuilder First America Homes is expanding into Dallas-Fort Worth. The company’s first homesites will be in the Leonard Trails community in Anna.
The Signorelli Company
First America Homes was ranked No. 75 on the Builder 100 list, with 750 closings in 2025, according to Builder Magazine. The company is starting its expansion in Anna where the builder has secured home sites in the 98-acre Leonard Trails community.
The builder will deliver 81 single-family homes in the community with floor plans ranging from 1,700 to 3,200 square feet and prices starting in the $300,000s, according to the news release. Construction is set to begin in July.