Provident Buys Dallas Office Building for New HQ

January 8, 2026

Office Dallas Investment News More Southwest

This property previously traded less than two years ago for $54 million.

Provident Realty Advisors Inc. has purchased One Triumph Place, the former Triumph Bank Building, at 8401 N. Central Expressway, in Dallas. Triumph Financial sold the Class A property that it had acquired less than two years ago for $54 million, according to Yardi Matrix information.

Exterior shot of One Triumph Place — One Triumph Place rises 10 stories directly across from North Park Mall. *Image courtesy of Provident Realty Advisors*

Later this year, Provident will relocate its headquarters to the 257,000-square-foot, 10-story Class A building which is being rebranded as One Provident Place. The firm’s current headquarters is at 10210 N. Central Expressway.

A Provident spokesperson told Commercial Property Executive that the company’s headquarters will take up one floor, or 10 percent of the building.

The spokesperson added that Triumph had intentionally de-tenanted the building almost entirely, such that its current occupancy is only 18 percent, not counting the space into which Provident will be moving.

The mid-rise is on the south side of Northwest Highway, along U.S. Route 75, directly across from North Park Mall and about 2 miles east of Preston Center. It was completed in 1999 and renovated in 2022, featuring 27,000-square-foot floorplates.

The building’s amenities include controlled access, an onsite fitness center and a tenant lounge with kitchen. Provident plans further renovations, along with adding a conference center and a coffee shop, all to be completed by May 2026. The LEED Gold-certified property also features a parking garage with a parking ratio of 3.62 spaces per 1,000 square feet.

Soft, but maybe a bit less so

Provident might face some challenges in getting their new HQ building leased up, a third-quarter report from Partners Real Estate suggests. Class A office space in the Dallas CBD had a total availability of 35.6 percent at the end of September, on an inventory of 21.9 million square feet.

That’s despite modest ongoing momentum in the Metroplex’s office sector, which saw total vacancy decline by 30 basis points. The metro is seeing the typical flight to quality, in line with the current office space trends, though both Class A and Class B properties saw positive net absorption in the third quarter, Partners reported.

Only a month ago, Stream Realty Partners obtained $228.2 million in financing for The Quad, a 500,000-square-foot office campus in Uptown Dallas. JLL Capital Markets placed the five-year senior loan with accounts managed by KKR. The Quad consists of two office buildings, five retail structures fully leased by restaurants and a building with a theater and additional retail space.