Crow Holdings Refinances Old Parkland Office Campus

The Dallas developer secured new loans for its Old Parkland buildings and plans four more office structures.

Updated on Nov. 3, 2026 in Commercial

Mid-rise office building with stone and glass facade beside a bare steel construction frame under a clear Dallas sky. — Crow Holdings secured seven-year and five-year loans for its Old Parkland office campus in Dallas while planning four new buildings. AI Illustration. Upload story photo >

Crow Holdings secured a seven-year loan from capital accounts advised by KKR for the Old Parkland East expansion, covering 289,000 square feet of office space. The company also locked in a five-year, fixed-rate loan from American General Life Insurance Company for six core Old Parkland buildings.

Why it matters

The refinancing gives the developer long-term debt structures for an office campus that houses major tenants including Susser Bank and BNY Mellon. The campus was also selected by the New York Stock Exchange for its Texas branch, adding to its profile in the Dallas commercial market.

The Old Parkland East expansion was refinanced with a seven-year loan and the core buildings with a five-year fixed-rate loan, covering roughly 289,000 and 288,000 square feet respectively. Dollar amounts, interest rates, and construction timing for the planned 275,000-square-foot expansion were not disclosed.

The players

Crow Holdings

Crow Holdings is a Dallas-based real estate investment and development firm founded by Trammell Crow's family, known for large-scale commercial projects across the United States.

KKR

KKR is a global investment firm headquartered in New York that manages private equity, credit, and real estate capital across many markets.

JLL

JLL, formerly Jones Lang LaSalle, is a global commercial real estate services firm that provides brokerage, property management, and capital markets advisory.

The details

Crow Holdings plans to build four new buildings, including two four-story structures, one seven-story building, and one 10-story building, as part of the next phase of the Old Parkland campus. The company submitted its expansion plans to the Oak Lawn Committee in May, and the refinancing was brokered by JLL.

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

Market Landscape

Long-term fixed-rate and multi-year loans from institutional lenders have become a common way for Dallas office developers to finance phased expansions of existing campuses. The Old Parkland refinancing follows that pattern by pairing a five-year fixed loan on core buildings with a seven-year loan on new space.

For Dallas office tenants and workers, the expansion adds about 275,000 square feet of planned new space on the Old Parkland campus, which may affect future leasing options in Uptown. Current occupants such as Susser Bank and BNY Mellon are not directly affected by the refinancing itself.

The takeaway

Long-term financing for office campuses signals developer confidence in phased expansion despite broader market uncertainty. Commercial tenants in growing districts should track expansion timelines when evaluating lease commitments.