Jérôme Foulon Of Lone Star Funds Acquires 457,901 Square Foot Office Tower In Dallas
5910 North Central Expressway
Building Size
457,901 SF
Asset Type
Office
Closing
Jul 23, 2026
AI
Lone Star Funds acquired Premier Place, a 457,901-square-foot Class A office tower located at 5910 North Central Expressway in Dallas, TX. The asset is situated in a market characterized by ongoing corporate relocations and a growing population, making it a strategic investment for the firm.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Specified
- Address: 5910 North Central Expressway
- Market: Dallas, TX
- Asset Size: 457,901 Square Feet
- Buyer: Jérôme Foulon
- Buyer's Representative: Lone Star Funds
- Property Manager: Glenstar
The acquisition was executed through an affiliate of Lone Star Real Estate Fund VII. The firm plans to actively manage and enhance the renovated office asset to leverage growth opportunities in the North Texas region.
Dallas Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
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