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5429 Lyndon B Johnson Freeway

Skywalker Property Partners Acquires The Crossings Office Building In Dallas From Goddard Investment Group
SOLDOffice

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:

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

Todd Savage

JLL

Broker

$509M

vol

6 deals

Broker
Skywalker Property Partners
Skywalker Property PartnersBrokerage

Gary Walker

Skywalker Property Partners

Buyer

8 deals

Buyer
Skywalker Property Partners
Skywalker Property PartnersBuyer

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