Newmark Arranges Property Sale and Portfolio Financing on Behalf of DFW Land in Dallas’ Park Lane District

May 21, 2026 11:00 AM

Newmark announces the Company has arranged the sale of 8020 Park Lane, a 120,923-square-foot Class A office property located within The Shops at Park Lane mixed-use district in Dallas, Texas, to buyer DFW Land. The transaction marks DFW Land's continued expansion in the submarket following its prior acquisition of 8070 & 8080 Park Lane. In conjunction with the property acquisition, Newmark also arranged portfolio financing for the combined office holdings.

Newmark Capital Markets Vice Chairmen Chris Murphy, Gary Carr and Robert Hill and Director Austin Sheahan represented the seller, Northwood Investors, in the transaction. Senior Managing Director Andrew Porteous of Newmark's Debt & Structured Finance group, along with Vice Chairman Clint Frease, Senior Managing Director Chris McColpin and Director Josh Francis, arranged the financing on behalf of DFW Land.

"DFW Land continues to execute on a clear strategy at Park Lane, building scale in one of Dallas' most dynamic mixed-use environments," said Murphy. "8020 Park Lane complements its existing holdings with a fully leased newer vintage asset that enhances both income stability and long-term optionality."

Originally constructed in 2015, 8020 Park Lane is a state-of-the-art, trophy office building that is 100% leased to Energy Transfer LP. The five-story property features approximately 30,000-square-foot floor plates, floor-to-ceiling glass and structured parking, offering a modern workplace environment within a highly amenitized setting.

"8020 Park Lane provides a strong and stable cash flow stream from an investment-grade tenant, complementing our growing roster of high-quality tenants at our Park Lane office buildings," said Brian Rosen, Chief Investment Officer of DFW Land. "We look forward to continuing our relationship with the Northwood team in operating one of the most sought-after mixed-use destinations in Dallas."

Located along US-75 with visibility to more than 300,000 vehicles per day, the property benefits from exceptional accessibility and proximity to some of Dallas' most affluent neighborhoods, including the Park Cities, Preston Hollow, Lakewood and Lake Highlands.

The 33.5-acre Shops at Park Lane Mixed-Use District offers a true live-work-play environment, with over 540,000 square feet of retail and more than 570 luxury residential units within walking distance. The district is anchored by premier retail and dining offerings and provides direct access to major transportation corridors and the Park Lane DART Station.

"Expanding our presence at Park Lane was a natural next step as we continue to grow our portfolio in high-quality, mixed-use locations," said Vijay Borra, Chief Executive Officer of DFW Land. "8020 Park Lane adds a best-in-class, stabilized asset with strong tenancy and further reinforces our long-term commitment to this submarket."

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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