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Colliers Facilitates Sale and Financing of Iconic NCX Dallas High-Rise Office Tower

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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. 


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Creighton Stark

Executive Vice President

Dallas

Creighton Stark is an executive vice president with the Capital Markets group of North Texas. With more than 22 years of experience in commercial real estate, Creighton oversees the institutional investment sales and re-capitalization of office properties.

Creighton has the reputation as a leading investment advisor, with extensive experience in almost every aspect of office capital markets. He has well-established working relationships with several major institutional clients including New York Life, Lincoln Financial Group, UBS, TriGate Capital, Angelo Gordon, CrossHarbor Capital and many others.

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Chris Boyd

Senior Vice President

Dallas

Chris provides a unique and powerful perspective to the Capital Markets advisory team given his ownership perspective of investments and acquisitions of 20 plus years, by working extensively on institutional and private equity transactions in the Dallas-Fort Worth commercial real estate market, as well other major markets such as Chicago, Houston, San Antonio and Austin. Prior to joining Colliers in 2016, he was the Director of Acquisitions for a capital investment firm, and during his career, has acquired or overseen $2.5 Billion of nationwide investment properties. Chris has handled institutional portfolios with an estimated worth of $100 million to $500 million including all major commercial property types including office, industrial, hotel and hospitality properties and distressed debt in conjunction with principals, equity and debt capital partners.

Chris brings an institutional foundation, private equity/entrepreneurial experience, deep local market knowledge, and a true ownership perspective to clients’ acquisition, asset management and disposition investment objectives. His previous investment roles with companies include UBS, Behringer, First Industrial Realty Trust, investment startups and Joint Venture sponsors, plus their respective debt and equity partners utilized for optimal business plan execution.

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