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8070 Park Lane

DFWLand Acquires The Offices At Park Lane From Northwood Investors In Dallas
Office

DFWLand Acquires The Offices At Park Lane From Northwood Investors In Dallas

8070 Park Lane

Building Size

230,691 SF

Asset Type

Office

Closing

Dec 10, 2025

AI

The Offices at Park Lane comprises a two-building office complex located at 8070 & 8080 Park Lane in Dallas. The asset spans a total area of 230,691 square feet and is set on a 33.5-acre mixed-use site. The property is currently leased to 16 tenants, with a leasing rate of 66%, including notable firms such as BOKA Powell and Condon Tobin.

Summary of transaction details:

The transaction involved Vijay Borra representing DFWLand as the buyer, while John Kukral of Northwood Investors acted as the seller. Newmark's team included Chris Murphy, Robert Hill, Gary Carr, and Austin Sheahan, who provided representation for the seller and emphasized the property’s recent amenity upgrades and strategic location.

Players

Gary Carr

Newmark

Broker

$352.5M

vol

33 deals

Broker
Newmark
NewmarkBrokerage

John Kukral

Northwood Investors

Seller

$790.3M

vol

8 deals

Seller
Northwood Investors
Northwood InvestorsSeller

Dallas Office Market Snapshot

Boundary boundary · Office · All transaction types 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