{"id":474856,"date":"2026-10-23T21:58:58","date_gmt":"2026-10-23T21:58:58","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/474856\/"},"modified":"2026-10-23T21:58:58","modified_gmt":"2026-10-23T21:58:58","slug":"prime-uptown-dallas-site-is-for-sale","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/474856\/","title":{"rendered":"Prime Uptown Dallas site is for sale"},"content":{"rendered":"

A midrise office building on prime land in Uptown Dallas<\/a> has hit the market.<\/p>\n

The building at 2626 Cole Ave.<\/a> is nine stories tall and just over 124,000 square feet. It was built in 1984 and renovated in 2017. The property is 76% occupied, down from its historical average of 86% since 1990.<\/p>\n

An asking price is not included in the listing, but the Dallas Central Appraisal District values the site at $30.1 million for tax purposes.<\/p>\n

The site offers two options: demolish the building and construct something taller at one of the neighborhood\u2019s best corners or make improvements to give tenants and investors a more affordable spot in Uptown, said Jack Crews, executive vice president at commercial real estate brokerage Colliers. The firm is marketing the Uptown property.<\/p>\n

In-place rents at 2626 Cole Ave. are well below Class A and new-construction rent rates, giving new buyers an incentive to renovate and invest, Crews said.<\/p>\n

Tenants have been in the building for more than six years on average and have an average remaining lease term of five years. Notable tenants in the building include coworking space Lucid Private Offices and\u00a0Sonic Healthcare.\u00a0<\/p>\n

\u201cThere\u2019s a place for this building for people who want to be in Uptown,\u201d Crews said.<\/p>\n

But there\u2019s appeal to starting over at the site, too, he said.<\/p>\n

The midrise office is near some of Uptown\u2019s largest developments. The property is just across the street from The Quad<\/a> and near Lincoln Property Co.\u2019s planned high-rise, mixed-use Springs District development. Morgan Stanley\u2019s planned Uptown campus is about a half-mile from the office building.<\/p>\n

\u201cI could see a developer looking at it and saying it’s a covered land play. [They] could carry it for five or six years, and the market gets even better because land sites aren\u2019t available down there,\u201d Crews said.<\/p>\n

The property is currently owned by Seattle-area Talon Private Capital<\/a>. The firm has owned the building since October 2021, and the recent uptick in Uptown office market has prompted it to sell the building, Crews said.<\/p>\n

The Uptown\/Oak Lawn submarket has added nearly 1.3 million square feet of tier 1 and 2 product office space over the past two years, according to an August report from JLL. Uptown\u2019s Tier 1 office properties have led all of Dallas-Fort Worth in rent growth.<\/p>\n

Offices across North Texas continue to go up for sale. Data from real estate firm CoStar shows there were roughly 171 office properties on the market as of mid-July. That represents 10.9 million square feet of space, a 10-year high.<\/p>\n","protected":false},"excerpt":{"rendered":"A midrise office building on prime land in Uptown Dallas has hit the market. The building at 2626…\n","protected":false},"author":2,"featured_media":474857,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[102,104,103],"class_list":["post-474856","post","type-post","status-publish","format-standard","has-post-thumbnail","category-dallas","tag-dallas","tag-dallas-headlines","tag-dallas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/474856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=474856"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/474856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/474857"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=474856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=474856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=474856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}