SOLD
Aaron P. Graft Of Triumph Financial Acquires One Lincoln Park From Brent Smith For $54M
8401 North Central Expressway
Office
257,000 SF
257,000 SF
Sold 59 days ago
Summary
Sale
TEXAS
Office
257,000 sqft
An office building located at 8401 North Central Expressway in Dallas was recently sold in a transaction worth $54,000,000. This property, known as One Lincoln Park, spans 257,000 square feet and was acquired by fintech company Triumph Financial from seller Brent Smith of Piedmont Office Reality Trust.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $54,000,000
- Address: 8401 North Central Expressway
- Market: Dallas
- Buyer: Aaron P. Graft - Triumph Financial
- Seller: Brent Smith - Piedmont Office Reality Trust
- Square Footage: 257,000
Aaron P. Graft from Triumph Financial will take ownership of the property and rename it as One Triumph Place. This office building will be utilized as the new headquarters for Triumph Financial, with plans to expand its operations as existing leases come to an end.
Details
SOLD
IMAGE: Aaron P. Graft & Brent Smith
DATE: 03/21/2024
ADDRESS: 8401 North Central Expressway
MARKET: Dallas
ASSET TYPE: Office
BUYER: Aaron P. Graft - Triumph Financial
SELLER: Brent Smith - Piedmont Office Reality Trust
SALE PRICE: $54,000,000
SF: 257,000 ~ PPSF: $210
NOTE: Piedmont Office Reality Trust sold One Lincoln Park, a 257,000-square-foot office building in Dallas, to fintech company Triumph Financial for $54 million. Triumph Financial will rebrand the building as One Triumph Place and use it as its new headquarters, gradually expanding its presence as current leases expire.View on map
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Address8401 North Central Expressway
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