Pillar, Ascent Team Up for Another Dallas Deal

March 27, 2026

Office Dallas Investment News More Southwest

The property is part of an established medical district.

Rambler Park, a 14-story office tower in northern Dallas — Pillar Commercial and Ascent Real Estate Advisors have partnered to acquire Rambler Park in Dallas. *Image courtesy Pillar Commercial and Ascent Real Estate Advisors*

Pillar Commercial and Ascent Real Estate Advisors have partnered to acquire Rambler Park, a 310,943-square-foot, 14-story office tower in northern Dallas, for an unspecified price. The property counts a number of health-care-related entities on its tenant roster, as part of an established medical district anchored by Texas Health Presbyterian Hospital.

The seller was Equus Capital Partners, which acquired the building from Ascent in 2018, according to Yardi Matrix, with Regions Bank providing a $38.5 million loan for the deal. For the sale to Pillar and Ascent, JLL’s Brian Carlton and De’On Collins secured the lender, First Bank, which provided acquisition financing.

The property, which dates from 1981, offers such common-area amenities as a fitness center, conference facilities, tenant lounges and an on-site food service operator. It is LEED Platinum certified. During the past decade, previous owners “invested significant capital to update and renovate the common areas,” the partners noted in a statement.

The Rambler Park deal is the second joint investment for the two firms. In 2019, Dallas-based Pillar and New York-based Ascent acquired the 121,000-square-foot 2703 Telecom, a flex office property in Richardson, Texas, and sold the asset within 18 months of acquisition after achieving 100 percent occupancy.

The partners also have experience within the local submarket, having each owned a number of office properties there, including Meadow Central, Meadow Park Tower, Search Plaza and 6500 Greenville.

Dallas does deals

Office investors are buying and selling in Dallas again. Provident Realty Advisors purchased One Triumph Place, the former Triumph Bank Building in Dallas, in January. Triumph Financial sold the property, which it had acquired less than two years ago for $54 million.

In December, Northwood Investors sold The Offices at Park Lane, a 230,691-square-foot, two-building office asset in Dallas. DFWLAND acquired the asset.

The DFW Metroplex ended 2025 with positive momentum, JLL reported, experiencing positive absorption for the year, which was the first time since 2019. Tenants took 1.3 million square feet more office space in the market than they vacated.

At the same time, Dallas office visits are relatively robust, with visits in February 22.4 percent less than the same month in 2019, Placer.ai reported. That puts the market as the third-strongest among the cities that Placer.ai tracks, after only Miami and New York City.