New Uptown Dallas Tower Receives $ 225 Million Loans

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One of the newest high-rise projects, Uptown Dallas, has received new funding of $ 225 million.

The Park District office and residential towers were built in 2018 by developer Trammell Crow at Woodall Rodgers Freeway and Pearl Street.

The skyscrapers overlooking Clyde Warren Park were one of the most successful new developments in the area north of the city center.

The owners have now lined up a new debt for the Park District’s 504,750 square foot PWC Tower.

JLL Capital Markets arranged a new loan through Barings Real Estate.

Funding was arranged with Massachusetts Mutual Life Insurance in the custody of Baring LLC, county records show. State Street Bank and Trust Co. also owns part of the debt.

More than 90% of the 20-story office tower is leased, with the accounting firm PriceWaterhouse Coopers as an anchor tenant.

The property includes three restaurants, a tenant lounge, a conference center, and a 7,000-square-foot health club.

JLL Capital Markets represented MetLife Investment Management, an investor in the Park District project. JLL’s. Jim Curtin led the funding team.

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