SOLDOffice
Lincoln & Cross Ocean Partners Acquire The Colonnade Office Campus in Addison
15301 Dallas Parkway
Building Size
1,080,000 SF
Asset Type
Office
Closing
Oct 30, 2026
About this deal
AI
The property asset involved in this transaction is an office complex known as The Colonnade, located at 15301 Dallas Parkway in Addison. The asset spans 1,080,000 square feet and is situated on a 12.48-acre site along the Dallas North Tollway. The transaction took place on October 30, 2026, between Lincoln & Cross Ocean Partners as the buyer and Trigild & CW Capital as the seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 15301 Dallas Parkway
- Market: Addison
- Total Square Footage: 1,080,000
- Buyer: Lincoln & Cross Ocean Partners
- Seller: Trigild & CW Capital
- Seller's Representative: Chris Murphy - Newmark
The joint venture between Lincoln and Cross Ocean Partners aims to reposition The Colonnade, committing $100 million for enhancements to transform it into the premier commercial hub in the market. Lincoln will handle leasing and management, with Jake Young, Christian Munoz, and Hudson Dozier assigned to lease the property.
On the Map
Office
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Players
Addison Office Market Snapshot
Boundary boundary · Office · Sale 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