### Two Distressed Arlington Office Towers May Hit the Market
Copeland Tower and Stadium Place, both constructed in the 1980s and spanning more than 210,000 square feet, have faced financial difficulties in recent years. In 2022, these challenges led to foreclosure, with a trust arranged by UBS acquiring the properties 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 also preparing to market the property in the second quarter of the year. The 12-story Copeland Tower currently has an occupancy rate of 40%, while the five-story Stadium Place is 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—nearly a 50% decrease.
Notable tenants in the towers include the Texas Department of Family & Protective Services and Northstar Energy Services Inc. JLL is responsible for handling leasing for both properties.
