Newmark Arranges Sale and Financing of The Towers at Williams Square, a 1.4-MSF Office Campus in Las Colinas, Texas
Newmark (NMRK) arranged the sale and acquisition financing of The Towers at Williams Square, a 1.4-million-square-foot, four-building Class A office campus in Las Colinas, Texas.
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Rhea-AI Summary
Newmark (NMRK) arranged the sale and acquisition financing of The Towers at Williams Square, a 1.4-million-square-foot, four-building Class A office campus in Las Colinas, Texas. The transaction is the largest office sale year-to-date in the Dallas-Fort Worth metroplex.
The campus is about 76% leased and has seen strong recent tenant tour activity. The property has an institutional ownership history and roughly $25 million of recent renovations, and benefits from a highly amenitized, well-connected urban location.
Positive
- Largest Dallas-Fort Worth office sale year-to-date arranged by Newmark
- Arranged both sale and acquisition financing for 1.4-million-square-foot campus
- Approximately $25 million recently invested in renovations and amenities
- Property approximately 76% leased with notable recent tenant tour activity
Negative
- Campus not fully leased, with about 24% of space currently vacant
- Investor demand for high-quality Sun Belt office assets described as selective
Details
News Market Reaction – NMRK
On May 15, the day this news came out, NMRK closed 2.84% below the previous close.
Data tracked by StockTitan Argus for the May 15 session.
Key Figures
- Campus size
- 1.4 million sq ft
- Total area of The Towers at Williams Square office campus
- Number of buildings
- 4 buildings
- Four-building Class A office campus in Las Colinas Urban Center
- Renovation investment
- $25 million
- Recent renovations across lobbies, amenities and shared spaces
- Occupancy
- 76% leased
- Current leased percentage of The Towers at Williams Square
- Leasing momentum window
- 6 months
- Period over which significant tenant tour activity was observed
Historical Context
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Advised on $360M sale of large Newark industrial site.
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Arranged sale and $150.9M loan for 19-property logistics portfolio.
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Reported Q1 2026 results and held earnings call with supporting materials.
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Named new President of Global Asset Services and reiterated revenue target.
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Increased revolving credit facility to $900M and extended maturity.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Transaction is the Largest Office Sale in Dallas-Fort Worth Metroplex Year-to-Date1
Newmark Vice Chairmen Chris Murphy, Gary Carr and Robert Hill and Director Austin Sheahan represented the seller. Senior Managing Director Andrew Porteous arranged acquisition financing on behalf of the buyer, a joint venture between
"The Towers at Williams Square represents a rare opportunity to acquire institutional-quality scale in one of the most established and amenity-rich office submarkets in the country," said
Originally constructed as a premier corporate campus, the property comprises three interconnected towers with modernized infrastructure, institutional ownership history and significant recent capital investment, including approximately
Strategically located within the Las Colinas Urban Center, the property offers immediate access to a highly amenitized, mixed-use environment, including dining, hospitality and entertainment options, as well as proximity to both
According to Newmark Research, investor demand for high-quality office assets in Sun Belt markets remains selective but durable, with capital increasingly focused on properties offering strong amenity packages, leasing momentum and attractive going-in basis. As the office market continues to reset, assets with clear pathways to stabilization are attracting both institutional and private capital.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
1 By sales price and square footage, according to analysis of MSCI Real Capital Analytics data
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SOURCE Newmark Group, Inc.
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