Old Parkland Expansion Adds 275,000 Square Feet

Dallas neighbors near Uptown and Oak Lawn should watch for traffic and parking changes as new office buildings are planned.

Updated on Nov. 3, 2026 in Commercial

Isometric editorial illustration of a unlabeled mid-rise office block beside a stone podium on a teal ground, with a bare crane arm, evoking large-scale office development. — Crow Holdings secured refinancing for six Old Parkland buildings in Dallas and a seven-year loan for the 289,000-square-foot Old Parkland East expansion in Uptown. AI Illustration. Upload story photo >

Crow Holdings has secured refinancing for six buildings of its Old Parkland campus and a seven-year loan for the Old Parkland East expansion, with the East expansion covering 289,000 square feet of office space in Dallas's Uptown area.

Why it matters

For Dallas households, the refinancing signals sustained lender confidence in large office properties near Uptown and Oak Lawn, which can shape neighborhood development, traffic, and nearby residential values over the coming years. The planned expansion would add jobs and office activity close to residential neighborhoods.

The core six-building refinancing is a five-year, fixed-rate loan from American General Life Insurance Company, while the East expansion carries a seven-year loan from capital accounts advised by KKR. The proposed expansion would add four buildings, two four-story, one seven-story and one 10-story, totaling 275,000 square feet.

The players

Crow Holdings

Dallas-based real estate investment firm that owns and develops the Old Parkland office campus in Uptown.

KKR

Global investment firm whose advised capital accounts provided the seven-year loan for the Old Parkland East expansion.

JLL

Global commercial real estate services firm that brokered the Old Parkland refinancing.

New York Stock Exchange

Major U.S. stock exchange that selected the Old Parkland campus for its Texas branch.

The details

Crow Holdings structured the financing in two pieces: a five-year fixed-rate loan for the existing core buildings and a seven-year loan from capital accounts advised by KKR for the East expansion. JLL brokered the Old Parkland refinancing. Susser Bank and BNY Mellon are major tenants in the East expansion space, and the New York Stock Exchange has selected the campus for its Texas branch. Crow Holdings submitted its expansion plans to the Oak Lawn Committee in May.

May 2026: Crow Holdings submitted expansion plans to the Oak Lawn Committee.
Summer 2026: Crow Holdings locked in five-year refinancing for the core Old Parkland buildings.
November 3, 2026: Crow Holdings announced refinancing for the Old Parkland East expansion buildings.

The Home Front

Large office campuses in Uptown and Oak Lawn are being refinanced and expanded, a pattern that shapes the mix of commercial activity around Dallas neighborhoods. The move reflects continued capital flowing into Dallas office assets rather than a retreat from the urban core.

If you live or work near Uptown or Oak Lawn, watch for the Oak Lawn Committee's review of the planned four buildings, since added office space can change traffic and parking patterns. Homeowners considering a move nearby can compare neighborhood activity with a licensed local real estate agent before making decisions.

The takeaway

Large commercial developments like Old Parkland can influence traffic, parking, and nearby property values, so it is worth following the Oak Lawn Committee's decisions. Keep notes on upcoming public hearings if the expansion affects your street.