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PIMCO Hands Dallas Office Complex to Lender TPG Real Estate After Anchor Tenant Leaves

Towers at Park Central's New Owner Just Closed Nearly $7 Billion Fund
PIMCO handed back the Towers at Park Central, a three-story office complex in Dallas, to the lender. Pictured is Park Central IX's lobby with a view of the other two office towers, Park Central VII and Park Central VIII. (Anthony Frazier/CoStar)
PIMCO handed back the Towers at Park Central, a three-story office complex in Dallas, to the lender. Pictured is Park Central IX's lobby with a view of the other two office towers, Park Central VII and Park Central VIII. (Anthony Frazier/CoStar)

One of the nation's largest private equity firms has taken ownership of a three-building Dallas office complex in the latest sign borrowers might be having difficulty navigating the challenging capital markets.

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