Iconic Dallas Tollway High-Rise Up for Sale as Suburban Markets Heat Up

The Providence Towers office complex in Farmers Branch is on the market again, signaling increased activity in some Dallas-Fort Worth submarkets.

Apr. 16, 2026 at 7:18pm

Got story updates? Submit your updates here. ›

A photorealistic studio still-life photograph featuring a polished, geometric glass model of the nine-story archway of the Providence Towers office building, floating on a clean, monochromatic background and dramatically lit to symbolize the corporate strategy and market forces behind the property's sale.The sale of the iconic Providence Towers office complex along the Dallas North Tollway reflects the broader activity and shifting dynamics in the region's suburban office markets.Dallas Today

The iconic Providence Towers office complex at the intersection of the Dallas North Tollway and Spring Valley Road in Farmers Branch, Texas is up for sale. The 12-story, nearly 525,000-square-foot Class A property was built in the late 1980s and is currently 62% occupied. Real estate firm JLL is marketing the building, which was recently renovated in 2021 and has amenities like a wine bar, putting green, and fitness center.

Why it matters

The sale of the Providence Towers comes as office activity in some Dallas-Fort Worth submarkets, particularly those north of downtown, has been heating up in recent weeks. This signals increased investor interest and confidence in the region's commercial real estate market as the economy continues to recover.

The details

The Providence Towers property hit the market in 2017 and has been owned by KBS Realty Advisors since 2009. The Dallas Central Appraisal District valued the property at over $91 million for tax purposes. Other recent office deals in the region include the acquisition of Pinnacle Tower in Farmers Branch by Estein USA and Vanderbilt Office Properties, as well as Koa Partners' purchase of the Urban Towers in Irving, which they plan to renovate.

  • The Providence Towers was built in the late 1980s for around $85 million.
  • KBS Realty Advisors has owned the property since 2009.
  • The property was recently renovated in 2021.

The players

Providence Towers

A 12-story, nearly 525,000-square-foot Class A office complex located at the intersection of the Dallas North Tollway and Spring Valley Road in Farmers Branch, Texas.

JLL

The real estate firm marketing the Providence Towers property for sale.

KBS Realty Advisors

The current owner of the Providence Towers property, having acquired it in 2009.

Estein USA and Vanderbilt Office Properties

The partnership that recently acquired the Pinnacle Tower office property in Farmers Branch.

Koa Partners

The firm that acquired the Urban Towers office complex in Irving, with plans for a $40 million renovation.

Got photos? Submit your photos here. ›

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

The sale of the Providence Towers and other recent office deals in the Dallas-Fort Worth region indicate increased investor confidence and activity in suburban office markets, as companies and investors look to capitalize on the area's economic growth and recovery.