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Koa Partners Acquires 850,000 Square Foot Urban Towers Office Complex In Irving From Parallel Capital Partners

Property Image
SOLD
HL
MR

Texas

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Office850,000 SF
Sold 04/08/2026
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Property Image
SOLD

Koa Partners Acquires 850,000 Square Foot Urban Towers Office Complex In Irving From Parallel Capital Partners

222 West Las Colinas Boulevard

See Similar Deals
Office850,000 SF
Sold 04/08/2026
HL
MR
the dealplayerscompscontact
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:850,000 SF
Transaction Type:Sale

The Urban Towers office complex, located at 222 West Las Colinas Boulevard in Irving, Texas, encompasses an office asset type with a total square footage of 850,000. The property was recently involved in a closed sale transaction.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Buyer: Harry Lake - Koa Partners
  • Seller: Matt Root - Parallel Capital Partners
  • Date of Transaction: 04/08/2026
  • Market: Irving
  • City Incentive: $20 million tied to long-term activation
  • Occupancy Rate: 68%
  • Investment Plans: Over $40 million for upgrades

Koa Partners, represented by Harry Lake, has acquired the Urban Towers from Matt Root of Parallel Capital Partners in an off-market deal. This transaction marks Koa Partners' largest acquisition to date and indicates a substantial commitment to enhancing the property and invigorating the surrounding district with recent leasing activity.

Players

HL
Harry Lake
2 deals
BUYER
MR
Matt Root
2 deals$67M volume
SELLER

Details

SOLD
IMAGE: Harry Lake & Matt Root DATE: 04/08/2026 ADDRESS: 222 West Las Colinas Boulevard MARKET: Irving ASSET TYPE: Office ~ SF: 850,000 BUYER: Harry Lake - Koa Partners SELLER: Matt Root - Parallel Capital Partners NOTE: Koa Partners acquired the 850,000-square-foot Urban Towers office complex in Irving from Parallel Capital Partners in an off-market deal, marking the firm’s largest transaction to date.The firm plans to invest over $40 million into upgrades as occupancy sits at 68%, with recent leasing activity and a $20 million city incentive tied to long-term activation of the property and surrounding district.

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