Colin Connolly Of Cousins Properties Acquires Office Tower From Derrick Evers For $218M

The Link, an office property located at 2601 Olive Street in Dallas, was sold for $218,000,000. The asset spans 292,000 square feet and is situated in the Dallas market. The property is currently 93.6% leased.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $218,000,000
• Buyer: Colin Connolly - Cousins Properties
• Seller: Derrick Evers - Kaizen Development Partners
• Brokers: Austin Sheahan, Chris Murphy, Robert Hill, Gary Carr & Alex Foshay - Newmark
• Square Footage: 292,000
• Price Per Square Foot: $747
• Date of Transaction: 08/01/2025

This transaction marks a notable event in the Dallas market as it represents the largest local office deal of 2025 so far. The acquisition was financed using proceeds from Cousins Properties’ unsecured notes and forward equity, facilitating the purchase from Kaizen Development Partners with the assistance of Newmark as the broker.