### Two Distressed Arlington Office Towers May Hit the Market
Copeland Tower and Stadium Place, both constructed in the 1980s and spanning over 210,000 square feet, have faced financial difficulties in recent years. These challenges culminated in foreclosure in 2022 when a trust arranged by UBS took ownership from the previous owner, Aque Investment Group.
According to the *Dallas Business Journal*, the trust is now working to secure new leases and renewals while planning to formally market the properties in the second quarter. Currently, the 12-story Copeland Tower has an occupancy rate of 40%, while the five-story Stadium Place stands at 77% occupancy. The combined appraised value of the buildings has significantly declined, dropping from $29 million in 2018 to $14.6 million in 2023.
Major tenants in Copeland Tower include the Texas Department of Family & Protective Services and Northstar Energy Services Inc. JLL is responsible for leasing the properties.
