Colossal: Dallas’ Cityplace Tower changes hands

​​​​​DALLAS – The tallest building outside of downtown was acquired by Highland Capital Management in one of the largest North Texas building sales of 2018.

The 42-story Cityplace Tower on North Central Expressway is on the edge of the city’s​​ Uptown district.​​​

Along with the office tower, the property that Highland Capital ​​​​acquired includes underground parking for additional buildings that were never constructed on the site.

Built in 1987, the 1.4 million-sf pink granite tower was planned as the centerpiece of one of the country’s largest urban redevelopment projects, which was stalled by an economic crash.