BCNP Buys Dallas Office Tower for Attractive Cost

AUSTIN, Texas, Sept. 24, 2026 /CourierPR/ -- Buchanan Capital Partners, an Austin-based commercial real estate investment firm, has announced its latest acquisition: the purchase of Churchill Tower, a 277,268-square-foot Class A office tower in Dallas's Park Central submarket. The acquisition comes as institutional capital has been slow to return to the office sector, allowing the firm to establish an attractive cost basis in a well-located, established asset. The 12-story tower is situated at 12400 Coit Road, on the favorable side of US-75 and I-635, adjacent to some of Dallas's most affluent neighborhoods and steps from high-quality retail and medical services. Built in 1999 and comprehensively renovated in 2025, the building offers flexible, easily demisable floor plates averaging approximately 22,000 square feet, a structured garage with 997 spaces and on-site EV charging, and a refreshed lobby, fitness center, conference center, and on-site café (Paesano's).

Churchill Tower is 93% leased to a diversified roster of roughly 50 tenants. The tenant base is anchored by Carr, Riggs & Ingram (CRI), a top-25 national accounting and advisory firm that has called the building home for more than two decades and carries prominent building signage, alongside its affiliate Level Four Group, a Dallas-based multidisciplinary financial services firm. The acquisition of Churchill Tower reinforces Buchanan Capital Partners' reputation as a leader in strategic, growth-oriented real estate investments that prioritize value creation and investor trust.

At BCP, the firm looks for assets at an attractive cost basis where they can create exceptional value for tenants. Churchill Tower is a high-quality Class A property in a convenient infill location adjacent to Dallas' most desirable neighborhoods, yet its gross rental costs, including expenses, are up to 50% below competing infill submarkets. The acquisition also benefits from a highly diversified tenant base and an attractive going-in yield. Combined with these factors, BCP believes Churchill Tower offers a compelling combination of quality, location, and value.

What drew BCP to Churchill Tower was the ability to buy contractual cash flow from quality tenants. The building is 93% leased, prior ownership invested heavily in the renovation, and the spec suite program leased up quickly, so BCP's focus is straightforward: keep great tenants in place through thoughtful capital enhancements that further improve their on-site experience.