A 15-story office tower along the LBJ Freeway in North Dallas' Lake Highlands neighborhood is officially up for grabs, and it is not just another suburban high-rise quietly trading hands. The Class A building spans roughly 330,000 square feet, sits about three-quarters leased, and offers everything from move-in-ready suites to full-floor blocks, giving buyers a blend of immediate cash flow and longer-term redevelopment potential in a closely watched Dallas corridor.
As reported by the Dallas Business Journal, Younger Partners is the exclusive advisor on the sale and is framing Lake Highlands Tower as a repositioned asset. The 15-story, Class A tower comes packaged with a fitness center, café, conference and training facilities, and an upgraded lobby, all meant to keep tenants in the building and off the highway as much as possible.
Listing details and site basics
The LoopNet listing pegs the property at 9330 Lyndon B. Johnson Freeway at about 76% leased. It sits on roughly 8.18 acres and offers 1,149 parking spaces, with the listing noting the tower officially hit the market on April 21. Visibility to more than 210,000 vehicles a day and MU-3 zoning are the headline stats here, giving any future owner room to think beyond a straightforward office play if the market keeps evolving.
Why buyers might be interested
In its offering memorandum, Younger Partners highlights a weighted average lease term of 5 years, anchored by credit tenants. Recent new and renewal deals have cleared more than $18 per square foot, while in-place rents sit near $17.83 per square foot. That rent gap, combined with the eight-acre site and highway frontage, is the pitch for investors looking for mark-to-market upside today and possible conversion or redevelopment options tomorrow.
How it fits the Dallas market
Dallas office fundamentals are showing early signs of stabilization, even if no one is declaring victory yet. The Q1 2026 MarketBeat from Cushman & Wakefield reports that overall DFW vacancy has ticked down, but the LBJ Freeway corridor is still grappling with elevated vacancy in the mid-20 percent range. A separate market report from Bradford puts the LBJ Freeway submarket vacancy at around 25.4%, reinforcing why Lake Highlands Tower is being viewed as a value-add play instead of a polished trophy buy.
The offering memorandum and broker contacts are posted on the public listing and in the marketing materials, and the deal is expected to draw interest from both regional and national investors tracking Dallas' split-screen office recovery. As the tower makes the rounds on investors' shortlists, landlords and tenants in Lake Highlands will be watching closely to see whether a new owner doubles down on leasing or leans into denser, mixed-use redevelopment of a high-visibility, eight-acre site along one of Dallas' busiest freeways.
