Newmark Brokers Sale of 1 MSF Colonnade Office Campus in Addison, Texas
Why this matters
Office continues to trade in two distinct markets: trophy assets in walkable submarkets that are leasing at or near record rents, and commodity Class B and C buildings where the basis is still resetting. Underwriting on the latter has moved toward replacement-cost-minus, with credit underwriting now leaning on tenant covenant and remaining lease term rather than mark-to-market expectations. Dallas-Fort Worth continues to absorb the largest multifamily delivery pipeline in the country. Industrial along the I-35 corridor is clearing at competitive basis, and selective office is finding bids at deep discounts to replacement. For LP-positioned capital, the read-through is that the bifurcation is now a structural feature of the sector, not a cycle to wait out.
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On the RET wire
- The 15th Dallas story tracked on the wire in November 2026. All Dallas coverage →
- Disclosed office deal value tracked in November 2026: $4B across 13 reported transactions. All Office coverage →
- 91 stories mentioning Newmark on the wire in the past 90 days. Newmark coverage →
Computed from Real Estate Trail’s own tracked coverage
ADDISON, TEXAS— Newmark has brokered the sale of The Colonnade, an approximately 1 million-square-foot office campus located in the northern Dallas metro of Addison. The campus spans 12.4 acres and comprises three bui…
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