Hall Group Acquires Dallas Office Asset

Hall Group has acquired a 112,000-square-foot office building in Dallas with Eastdil Secured Savills representation. The property previously commanded $46.8 million in 2017, Yardi Matrix shows.

MCME Carell, an affiliate of Elliott Investment Management and Morning Calm Management, divested the asset, according to the data provider. MCME took the previous owner, City Office REIT, private in a $1.1 billion deal that closed earlier this year.

The 2003-built property will be renamed Hall Uptown, in accordance with the new ownership’s overhaul plans. Upgrades are slated to feature improvements to the lobby and common areas, as well as new spec suites and a modernized building system. Currently, it encompasses 10,000- to 20,000-square-foot floorplates and tenants such as City Bank, Rasansky | McKenzie Law and attorneys Crowe Dunlevy.

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Rising eight stories, the building is at 2525 McKinnon St., in Dallas’ Y’all Street. Within walking distance, Pacific Elm Properties, KDC and Sixth Street are building the tallest Uptown Dallas tower, dubbed Bank of America Tower at Parkside after its anchor tenant.

Speaking of headquarters, Hall Group will implement a dual configuration. Part of its base of operations is slated to come online at the newly acquired property, while Hall Park in Frisco, Texas, will house the remaining offices.

The firm began developing the 162-acre Frisco campus in 1989 and has delivered 16 office buildings so far. However, Hall kicked off a $7 billion redevelopment project, pivoting the office-centric property toward a mixed-use destination. New tenants already lined up at Hall Park, with JP Morgan inking a 41,000-square-foot lease just last week that reflects the ongoing corporate office moves driven by the Texas business-friendly environment.

Dallas office assets retain competitive edge

Office investment across the Metroplex clocked in at nearly $2.9 billion during the first seven months of 2026, according to a Yardi Matrix report. Only Manhattan ($5.2 billion) overtook Dallas, while the Bay Area racked up $2.6 billion in office deals, rounding out the top three.

Pricing remained competitive, with assets changing hands on average for $213.7 per square foot, marking a 7.9 percent premium compared to the national average of $198 logged year-to-date through July.

Among the properties that changed hands this year is Premier Place, a 20-story, 457,901-square-foot tower with tenants such as BlackRock and Edward Jones. An affiliate of Lone Star Funds acquired the property from Glenstar Properties last month.