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:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Buyer: Vijay Borra - DFWLand
- Seller: John Kukral - Northwood Investors
- Brokers: Chris Murphy, Robert Hill, Gary Carr & Austin Sheahan - Newmark
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
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