Pacific Elm Properties Secures $290M Construction Loan For Parkside Uptown Dallas

Located at 1919 Woodall Rodgers Freeway in Dallas, the property in question is a 500,000-square-foot office tower known as Parkside Uptown. The construction of this tower is being financed through a $290 million construction loan provided by Goldman Sachs.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $290,000,000
• Market: Dallas
• Address: 1919 Woodall Rodgers Freeway
• Lender: Goldman Sachs
• Landlord: Jonas Woods - Pacific Elm Properties

The deal was facilitated by JLL, with Gregory Napper, Jim Curtin, Michael Cosby, and Trey Morsbach acting as brokers representing the parties involved in the transaction. Parkside Uptown, upon completion in 2027, will offer amenities such as a sky lobby, outdoor terraces, fitness facilities, and retail space. Notably, Bank of America has already signed a lease for 49% of the available space in the 30-story office tower.