Cityplace is one of the largest deals in the southwestern United States in the past decade.
DALLAS—Highland Capital Management has finalized the purchase of the class-A 42-story office Cityplace Tower building located at 2711 N. Haskell Ave. from a joint-venture partnership between Parmenter Realty Partners and Angelo, Gordon & Co. Financial terms of the sale were not disclosed but this is easily one of the largest deals in the southwestern United States in the past decade at 1.35 million square feet.
Cityplace Tower has the only underground DART station in the rail system. The acquisition also includes about 6 acres of surrounding land for Highland to develop. It is located along the North Central Expressway in the Cityplace-West Village neighborhood adjacent to Uptown.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
