A rapidly growing financial holding company has targeted a North Dallas office building for its headquarters.
Triumph Financial will purchase the 10-story, 257,000-square-foot One Lincoln Park building at 8401 North Central Expressway and rename it One Triumph Place, The Dallas Morning News reports. Ta.
The seller is Atlanta-based Piedmont Office Realty Trust, which has owned the property for about 10 years, according to county records. Terms of the deal were not disclosed.
The company, which owns TriumphPay, Triumph and TBK Bank, is scheduled to move into the building in 2026 after extensive renovations. With this acquisition, Triumph Financial expands its North Texas footprint with offices at 12700 Park Central, 6060 Shelly Lane and 2501 Burbank Street in Dallas, as well as offices in the northwest suburb of Coppell. Set up.
The Triumph Financial acquisition was driven by a rapidly growing workforce. Over the past four years, the company's workforce has grown from 350 to more than 1,500, with 75% of its new hires based in the Dallas-Fort Worth area.
Triumph Financial's presence extends beyond Texas, with offices in California, Colorado, Illinois, Iowa, Kansas and New Mexico.
“Our evolution from a small community bank to a leading financial technology company has been a transformational journey,” Triumph Financial CEO Aaron Graft told the outlet. “Dallas' business-friendly culture and the region's growing talented workforce have been a true part of our success.”
Cushman & Wakefield said its future headquarters building is 60% leased, significantly lower than the Dallas-Fort Worth average of about 79%. It is expected to accommodate around 500 employees, but there are plans to expand the space further once the tenant's lease expires, the media reported.
—Quinn Donahue
