Iconic Stemmons Towers Sale Earns Finalist Recognition as One of the Best 2023 Property Sales in DFW

Younger Partners’ Stemmons Towers sale earned finalist consideration for D CEO’s 2024 Commercial Real Estate Awards in the category of Best Commercial Property Sale alongside NOVEL Turtle Creek, Qorvo Semiconductor and Texas Osprey Portfolio. The CRE firm was also named a finalist in the Dallas Business Journal’s 2024 Best Real Estate Deals in the Commercial Property Sale category, alongside CityLine campus sale, Link Logistics acquisition of Stockbridge business parks and the Plaza of the Americas sale.

Both news organizations selected the iconic four-story four-building Stemmons Towers project for the awards competitions. The historic 285,312 SF project, on 13 acres, at 2700 N. Stemmons Freeway in Dallas was sold to Sava Holdings Ltd. Younger Partners Executive Managing Director John St. Clair and Managing Principal Trae Anderson represented the seller, 2700 Stemmons LP, in the transaction.

“Though we did not end up winning either award, it is an honor to be recognized alongside other transactions of such high caliber,” St. Clair said. “Congratulations to Richardson’s CityLine for its selection by both the D CEO and DBJ BRED awards.”

“We are proud of the work we did in this transaction and can’t wait to see how Sava transforms these buildings,” Anderson added.

Built in the 1960s, the Stemmons Towers have a storied history of being one of the first Dallas high-rise office projects outside of downtown. This project will be one to watch with the transformation of a highly visible four-building office campus on I-35 into a residential complex with 10+ acres of park-like landscaping and amenities.

The location stretching along Stemmons Freeway near the Medical District and Dallas Love Field in conjunction with the property’s iconic history and architecture makes this a prime redevelopment site for Sava Holdings. A huge thank you to Sava Holdings for making the shrewd decision to reposition the properties.