Robert Rowling Of TRT Holdings Acquires 275000 Square Foot Office Building In Dallas From Billy Prewitt
750 North Saint Paul Street
Building Size
275,000 SF
Asset Type
Office
Closing
Dec 19, 2025
AI
An affiliate of TRT Holdings has acquired an office asset located at 750 North Saint Paul Street in Dallas. The property is a 22-story office building with a total square footage of 275,000, built in 1983 and renovated in 2016. The current occupancy is reported at 70%, and the property was last appraised at $47 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $47 million
- Buyer: Robert Rowling - TRT Holdings
- Seller: Billy Prewitt - Pacific Elm Properties
- Market: Dallas
The transaction highlights the involvement of Robert Rowling as the representative of TRT Holdings and Billy Prewitt representing Pacific Elm Properties in the sale of this office building. The deal showcases the ongoing activity in the Dallas commercial real estate market.
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