Buchanan Capital Acquires Dallas Class A Office Tower

### Money Play Capital and conduct rules reprice banks, regionals, and brokers.

## Catalyst Analysis: Park Central Asset Pickup Buchanan Capital Partners has added Churchill Tower, located at 12400 Coit Road in Dallas, to its commercial real estate portfolio. Built in 1999 and comprehensively renovated in 2025, the 12-story asset features a structured garage with 997 spaces, on-site EV charging, and a refreshed amenity package including a fitness center and conference rooms. The property is currently 93% leased to roughly 50 tenants, anchored by accounting firm Carr, Riggs & Ingram and multidisciplinary financial services provider Level Four Group.

## Technical Analysis & Key Risk Watch

Management noted that the acquisition timing coincides with an office sector cycle where traditional institutional capital has been slow to re-enter the market. The purchasing strategy secures an attractive cost basis, with Class A rents sitting approximately 36% below rates along Central Expressway. Furthermore, gross rental costs including expenses stand up to 50% below competing infill submarkets while local supply tightens due to nearby redevelopment projects by users such as Costco and H-E-B.

## Impact on Commercial Real Estate The transaction underscores a private investment thesis centered on acquiring contractual cash flow backed by stable, long-term tenants rather than speculative development. With the asset sitting at 93% occupancy and supported by a prior capital expenditure program, operational focus shifts toward tenant retention and minor enhancements to the on-site experience.