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:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 2323 Victory Avenue
- Market: Dallas
- Landlord: Clarion Partners
- Tenant: Balfour Beatty
- Landlord's Representative: Matt Schendle & Carrie Halbrooks - Cushman & Wakefield
- Tenant's Representatives: Andrew Cheney - Lee & Associates; Phil Puckett & Harlan Davis - CBRE
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
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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