NCX will be the new headquarters for Advancial Federal Credit Union
Colliers announced today the sale of 10000 NCX, a high-rise office tower in north Dallas. Ray Washburne acquired the +/-300,000 SF office property from Westdale Real Estate, a Dallas-based owner and developer. Located at 10000 N Central Expressway, the iconic office building will be the new headquarters for Advancial Federal Credit Union, occupying over 50,000 SF with a bank lobby. Creighton Stark and Chris Boyd with Colliers represented Westdale in the transaction.
“The momentum in Dallas remains unmatched by any other market in the country,” said Stark, executive vice president of capital markets. “Expect to see additional investment activity along the NCX corridor as institutional capital continues to identify quality office assets across North Texas.”
The Dallas Colliers team additionally provided debt advisory for the buyer, utilizing funding for acquisition and near-term upgrades. “The holistic nature of this deal demonstrates the growing strength of tenant and capital migration here in Dallas,” said Boyd, senior vice president of capital markets.