D Magazine (D CEO) | Cityplace Tower – Best Commercial Property Sale

Colliers International engineered an under-the-radar sale of the 1.35 million-square-foot Cityplace Tower in Dallas, representing both the buyer, Highland Capital Management, and the seller, a joint-venture partnership between Parmenter and Angelo, Gordon & Co.The result was the single largest office deal, by dollar amount, in the southwestern United States last year. Highland Capital (which also acquired Plano’s high-profile former EDS campus in 2018) is planning significant upgrades and amenity additions at the iconic Cityplace. “It has the strong potential to catalyze growth and revitalization projects on the east side of Central Expressway, helping to merge it with the more upscale Uptown area,” Stark says…

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