Hall Group has acquired a 112,000-square-foot office building in Dallas from sellers Elliott Investment and Morning Calm Management, extending the firm's footprint in the Uptown submarket. The buyer was represented in the transaction by Eastdil Secured Savills. While current pricing for the latest trade was not disclosed, Commercial Search data cited in the report notes that the property last changed hands in 2017 for $46.8 million.
Completed in 2003, the eight-story building is located at 2525 McKinnon St. in Uptown Dallas and will be rebranded as Hall Uptown following the acquisition. Hall Group plans a series of upgrades aimed at refreshing the property, including enhancements to the lobby and common areas, the addition of new spec suites, and modernization of the building systems.
The property is currently home to a roster of professional and financial services tenants. Occupiers include City Bank, law firm Rasansky | McKenzie Law, and attorneys from Crowe Dunlevy. The planned improvements are expected to update shared spaces and turnkey office options for both existing users and prospective tenants within the building.
The building sits in a walkable area of Uptown Dallas that is seeing additional large-scale investment. Within walking distance of 2525 McKinnon St., Pacific Elm Properties, KDC and Sixth Street are developing what is described as the tallest tower in the Uptown Dallas submarket. That project is branded as Bank of America Tower at Parkside, reflecting its anchor tenant, and adds to the concentration of institutional office assets in the immediate vicinity of Hall Uptown.
Separate from the Uptown acquisition, the article notes Hall Group's long-running activity in the region through its 162-acre Frisco campus, which the firm began developing in 1989. Over time, Hall has delivered 16 office buildings at that campus. More recently, the company has embarked on a $7 billion redevelopment initiative there, repositioning what was originally an office-centric property toward a broader mixed-use destination. This shift underscores Hall Group's ongoing engagement with both traditional office product and evolving mixed-use formats across its North Texas holdings.
With the purchase and planned renovation of the 2525 McKinnon St. building, Hall Group is adding a renamed and upgraded Hall Uptown asset to a portfolio that already includes sizable office and mixed-use investments in the Dallas-area market.
