Skywalker Property Partners Acquires The Crossings Office Building In Dallas From Goddard Investment Group
5429 Lyndon B Johnson Freeway
Building Size
232,541 SF
Asset Type
Office
Closing
May 8, 2025
AI
The Crossings I, a class A office building located at 5429 Lyndon B Johnson Freeway in Dallas, has been sold. The asset spans 232,541 square feet within a vibrant live-work-play neighborhood that features the 1.5-million-square-foot Galleria Dallas. The property is currently 94% leased and represents a cash-flowing asset with potential for upside enhancement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 5429 Lyndon B Johnson Freeway, Dallas
- Square Footage: 232,541
- Buyer: Gary Walker, Jack Mock & Chris Aguilar - Skywalker Property Partners
- Seller: Goddard Investment Group
- Seller's Representatives: Todd Savage - Cushman & Wakefield; Ben Esterer & Keenan Ryan - JLL
The acquisition of The Crossings by Skywalker Property Partners signifies their latest investment for The Leverage Strikes Back LLC fund. Jack Mock and Chris Aguilar represented the buyer, while Todd Savage and the team from JLL facilitated the deal on behalf of the seller, Goddard Investment Group.
Players
Dallas 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