Dallas office tower sells for steep discount at $26.1 million, firm says
The buyer says it bought the property at a 64% discount compared to a previous sale.
The Dallas Morning News
December 22, 2025
By Nicholas Wooten
Walnut Glen, an 18-story office building, sold for $26.1 million, the buyer said.
Courtesy of Real Capital Solutions
A Colorado investor has snapped up one of the largest office buildings along Dallas’ North
Central Expressway for $26.1 million.
Real Capital Solutions has acquired Walnut Glen, an 18-story class-A office building at 8144
Walnut Hill Lane, the firm announced Monday.
The more than 464,000-square-foot building is 49% leased, real estate firm JLL said. The
purchase price is more than a 64% discount compared to the property’s 2016 sale for $73
million, Real Capital Solutions said.
Intercontinental Real Estate Corp. of Boston previously owned the tower. It purchased the
property from a local investment group almost a decade ago.
The Dallas Central Appraisal District most recently valued the property at $72.2 million for tax
purposes.
Built in the late 1980s, the office building had a huge glass atrium facing the expressway.
Real Capital Solutions said in a statement it plans to invest in improvements to the building’s
lobby, fitness center and conference center. The firm also plans to introduce move-in-ready
office suites to support leasing activity.
The firm declined to disclose an exact dollar amount, but said they plan to invest substantially
into the building.
“Walnut Glen checks every box for us — scale, location and a clear path to value creation,”
Adam Abeln, chief acquisitions officer for Real Capital Solutions, said in a statement. “It’s a welllocated
building where smart capital and active management can drive long-term value. Dallas
remains one of the most resilient and attractive office markets in the country and this
acquisition reflects our long-term conviction in the market.”
The purchase marks Real Capital Solutions’ second in Dallas. The firm announced last December
that it acquired Tower at Park Lane (8650 North Central Expressway) for $66 million.
Real Capital Solutions said its investments reflect its confidence in North Texas’ “long-term
fundamentals, including population growth, corporate relocations and sustained demand from
professional services, health care and financial tenants.”
Cushman & Wakefield has been tapped to handle leasing and property management of Walnut
Glen. JLL’s Jonathan Napper was the investment sales broker.
Dallas-Fort Worth leads the nation in office demand, outpacing New York and Houston,
according to recent CoStar data.
Net absorption totaled 3.3 million square feet through this year’s third quarter, representing
0.8% of total inventory — the largest share in the country. Net absorption measures the total
square footage of leases minus space vacated over a period of time.
Traditional office demand in D-FW is on track for its strongest year since 2019, according to the
report.
