Kaizen Development Partners has sold The Link at Uptown, a recently delivered class AA office tower in the Uptown submarket of Dallas.
The sales price was $218 million. The buyer is Cousins Properties.
Newmark Group arranged the sale. Vice chairmen Chris Murphy, Robert Hill and Gary Carr, and director Austin Sheahan arranged the transaction on behalf of the seller. Newmark executive vice chairman and head of international capital markets Alex Foshay also supported the transaction, which marks the highest sales price paid this year in the Dallas-Fort Worth area.
“This transaction is a resounding endorsement for Dallas-Fort Worth and a clear indicator of the market’s strength,” said Murphy. “The outcome achieved here underscores investor conviction for best-in-class office and is a testament to the exceptional quality of the product delivered by our client, Kaizen. We look forward to the continued stewardship and success that The Link will experience
