Lothar Estein Of Estein USA And Casey Wold Of Vanderbilt Office Properties Acquire Pinnacle Tower In Dallas

A venture of Estein USA and Vanderbilt Office Properties acquired Pinnacle Tower, a 549,170-square-foot, 24-story office building located at 5005 Lyndon B Johnson Freeway in the Dallas market from New York Life Investments. The property was recently renovated for $10 million in 2022 and is currently 88% leased, showcasing its operational status.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Square Footage: 549,170
• Address: 5005 Lyndon B Johnson Freeway
• Market: Dallas
• Buyer: Lothar Estein - Estein USA; Casey Wold - Vanderbilt Office Properties
• Seller: New York Life Investments

The deal is significant as it highlights continued investor confidence in Dallas office assets, and the property is now represented by JLL for leasing, marking a strategic move in the Dallas real estate landscape.