Newmark Arranges Sale of 230,691-Square-Foot Office Assemblage in Dallas’ Premier Mixed-Use District

December 9, 2025 9:00 AM

Newmark announces the Company has arranged the sale of The Offices at Park Lane, a two-building, 230,691-square-foot office assemblage at 8070 & 8080 Park Lane, located in one of Dallas’ most coveted mixed-use destinations. Newmark Capital Markets Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Austin Sheahan represented the seller, Northwood Investors, in the sale to the buyer, DFWLAND.

“Park Lane continues to outperform because it brings together the fundamentals investors value most today: walkability, transit access and a diversified rent roll in one of Dallas’ most amenity-rich districts,” said Murphy. “The buyer recognized the rare combination of stabilized cash flow and long-term optionality in a location that remains on the short list for corporate users.”

The Offices at Park Lane is 66% leased and features a balanced roster of 16 tenants, including corporate headquarters users such as BOKA Powell, Curtainwall Design Consulting and Condon Tobin. Originally constructed in 1972 and 1975, the buildings have undergone significant modern upgrades and offer a robust amenity package, including a state-of-the-art conference center, tenant lounge, gaming area, furnished outdoor spaces and abundant structured parking.

“Acquiring The Offices at Park Lane gives us a strategic foothold in one of Dallas’ most dynamic office markets,” said Vijay Borra, CEO of DFWLAND. “With its solid fundamentals and significant long-term growth potential, it represents a cornerstone investment for our portfolio.”

Situated within The Shops at Park Lane, a 33.5-acre mixed-use district, the property benefits from an unmatched live-work-play environment with over 540,000 square feet of retail and 570+ luxury residential units steps away. Tenants enjoy immediate access to Whole Foods, Nordstrom Rack, Starbucks and numerous dining and entertainment options. The property offers exceptional connectivity via US-75, Greenville Avenue and Northwest Highway, with a short walk to the Park Lane DART Station and minutes from both LBJ Freeway and Downtown Dallas.

According to Newmark Research, U.S. capital markets activity accelerated in 3Q25 amid rising deal flow and renewed investor confidence. Investment sales grew 19% year-over-year, supported by active private and institutional capital and cap rates that have begun to stabilize. Continued improvement in liquidity and underwriting visibility signals strong momentum heading into 2026.

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 September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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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.