310,711-sf Rambler rosy office pick for JV

​​​DALLAS – ​​Locally based EY Ventures and New York City-based Ascent Real Estate Advisors acquired the 310,711-sf Rambler Park office tower from Parmenter Realty Partners. 

The 14-story office building was constructed in 1981 at 7557 Rambler Rd. just off the N. Central Expy. It​ houses tenants such as the Baptist General Convention, Pacheco Koch, and Crump Insurance.​

Miami-based Parmenter purchased Rambler Park in June 2013 before carrying out a $2.5 million value-add initiative that included a new roof overlay, ten floors of new corridor and restroom finishes, a direct connection to Walnut Creek DART station, and a new domestic water riser. ​

The tower earned LEED Platinum EBOM certification in 2014—the first building ever to earn the distinction in North Dallas. Occupancy ​​jumped from 58 to 87 percent as a result. 

HFF negotiated the sale on behalf of Parmenter.