AUSTIN, Texas, Sept. 24, 2026 /PRNewswire/ — Buchanan Capital Partners (“BCP”), an Austin-based, zero-fee commercial real estate investment firm, 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 follows its 2025 off-market purchase of Westbank Pointe in Austin.
The 12-story tower is located 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 ±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.
BCP acquired the building at a point in the cycle when 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. Class A rents sit roughly 36% below those along Central Expressway while new supply continues to shrink as competitive product in the immediate area is taken offline for redevelopment by users such as Costco and H-E-B.
“At BCP, we look for assets at an attractive cost basis where we 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.” said Keith Buchanan, Founder of BCP. “Combined with a highly diversified tenant base and an attractive going-in yield, we believe Churchill offers a compelling combination of quality, location and value.” “What drew us to Churchill was the ability to buy contractual cash flow from quality tenants,” added Trent Thomas, Partner at BCP. “The building is 93% leased, prior ownership invested heavily in the renovation, and the spec suite program leased up quickly – so our focus is straightforward: keep great tenants in place through thoughtful capital enhancements that further improve their on-site experience.”
This acquisition reinforces BCP’s reputation as a leader in strategic, growth-oriented real estate investments that prioritize value creation and investor trust.
About Buchanan Capital Partners
Buchanan Capital Partners, based in Austin, Texas, is a performance-based commercial real estate investment firm focused on delivering consistent, superior risk-adjusted returns. BCP charges no fees, and its investors are paid in full before the firm receives compensation. BCP pursues low cost-basis strategies including direct acquisitions across product types and providing joint venture equity for de-risked opportunistic investments. BCP’s Principal has a proven 30+ year track record of successful investing across all commercial real estate product types, primarily in major Texas metros.
For more information about Buchanan Capital Partners, please visit www.buchanancp.com.
Contact:
Gentry Bowen
gbowen@buchanancp.com
512-673-7375
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SOURCE Buchanan Capital Partners
