facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Office

/

Lease

/

2323 Victory Avenue

Clarion Partners Leases 35139 Square Feet Office Space To Balfour Beatty In Dallas Market
LEASEDOffice

Clarion Partners Leases 35139 Square Feet Office Space To Balfour Beatty In Dallas Market

2323 Victory Avenue

Building Size

35,139 SF

Asset Type

Office

Closing

Apr 7, 2026

AI

Clarion Partners leased 35,139 square feet of Class-A office space at 2323 Victory Avenue, located in the Dallas market. The building is part of the 20-story tower known as One Victory Park, which has a total area of 435,606 square feet and includes various amenities such as a food hall, fitness center, conference centers, and access to retail and green spaces.

Summary of transaction details:

This transaction involved several key individuals and organizations, with Matt Schendle and Carrie Halbrooks representing Clarion Partners as the landlord's agents. The tenant, Balfour Beatty, was represented by Andrew Cheney from Lee & Associates, alongside Phil Puckett and Harlan Davis from CBRE, representing the tenant's interests in the deal.

Players

Matthew Schendle

Cushman & Wakefield

Broker

7 deals

Broker
Clarion Partners
Clarion PartnersLandlord
Balfour Beatty
Balfour BeattyTenant

Dallas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93