Craig Gutow Of The Gutow Co. And Vertical Partners Acquire 12001 North Central Expressway In Dallas From Panther
12001 North Central Expressway
Building Size
250,000 SF
Asset Type
Office
Closing
Feb 11, 2026
About this deal
AI
The transaction involves the sale of a 250,000 square foot office building located at 12001 North Central Expressway in Dallas. This property was previously known as Atlas Energy Tower and is currently 50% leased.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 12001 North Central Expressway
- Market: Dallas
- Asset Size: 250,000 SF
- Buyer: Craig Gutow - The Gutow Co.; Dan Pond & James Engels - Vertical Partners LLC
- Seller: Panther
The acquisition was facilitated by KKR, with The Gutow Co. and Vertical Partners planning to rebrand the building as 12001 NCX. Immediate upgrades to common areas, amenities, and move-in-ready office spaces are part of the new ownership strategy.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Dallas office sales on Traded.
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