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

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.