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5/18/26
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A joint venture between Vanderbilt Office Properties, Hillwood and TriPost Capital Partners has purchased The Towers at Williams Square, a four-building, 1.4 msf Class A office campus within Las Colinas Urban Center in Irving, TX, one of the Dallas-Fort Worth region’s premier corporate destinations. The buildings are located at 5201, 5205, 5215 and 5221 North O’Connor Blvd.
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 $25 mil in renovations across lobbies, tenant amenities and shared spaces. The asset is currently approximately 76% leased and has generated significant tenant tour activity in the past six months, reflecting continued leasing momentum.
The property offers immediate access to a highly amenitized, mixed-use environment, including dining, hospitality and entertainment options, as well as proximity to both Dallas/Fort Worth International Airport and Dallas Love Field Airport. The campus also benefits from strong regional connectivity, allowing access to major U.S. markets within a short travel window.
Newmark Vice Chairmen Chris Murphy, Gary Carr and Robert Hill and Director Austin Sheahan represented the seller. Senior Managing Director Andrew Porteous, Vice Chairman Clint Frease, Senior Managing Director Chris McColpin and Director Josh Francis arranged acquisition financing on behalf of the buyer.
“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 Murphy. “We continue to see strong investor interest in well-located, high-quality assets where basis and long-term leasing upside align.”
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.
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