Austin, Texas – September 24, 2026 -- Buchanan Capital Partners (BCP), an Austin-based zero-fee commercial real estate investment firm, has acquired Churchill Tower, a 277,268-square-foot Class A office building in Dallas's Park Central submarket, marking its second major acquisition after the 2025 off-market purchase of Westbank Pointe in Austin.
Churchill Tower sits 93% leased across roughly 50 tenants
The 12-story tower at 12400 Coit Road, built in 1999 and renovated in 2025, is anchored by Carr, Riggs & Ingram (CRI), a top-25 national accounting and advisory firm that has occupied the building for more than two decades and holds prominent signage rights, alongside its affiliate Level Four Group, a Dallas-based financial services firm. Floor plates average roughly 22,000 square feet and are easily demisable, supported by a 997-space structured garage with EV charging, a renovated lobby, fitness center, conference center and an on-site café operated by Paesano's.
Class A rents in the submarket run 36% below Central Expressway
BCP timed the purchase as institutional capital remains slow to re-enter the office sector, allowing the firm to secure an established asset at a discounted cost basis. Competitive supply in the immediate area is shrinking as users including Costco and H-E-B take existing product offline for redevelopment.
Gross rental costs run up to 50% below competing infill submarkets, BCP says
"At BCP, we look for assets at an attractive cost basis where we can create exceptional value for tenants,