Trophy office development in Uptown Dallas moves forward with construction financing

DALLAS, Mar. 30, 2026 –  JLL Capital Markets announced today that it has arranged construction financing for Knox & McKinney, a generational 300,000-square-foot trophy office and high-street retail development in Uptown Dallas, Texas.

JLL worked on behalf of the developers, a joint venture between BDT & MSD Partners, Trammell Crow Company, A.G. Hill Partners and The Retail Connection to secure the four-year construction loan through Goldman Sachs Alternatives.

Anticipated for delivery in 2028, Knox & McKinney will consist of a nine-story, Class AA office building totaling 280,000 square feet and 20,000 square feet of high-street retail and restaurants. Designed by Pickard Chilton and HKS Architects, the trophy boutique tower will feature a dedicated tenant amenity floor with a conference center, tenant lounge, wellness center and private terrace.

The development occupies a 1.26-acre site at the southeast corner of Knox St. and McKinney Ave. in the Knox Street micro market of Uptown Dallas. This highly affluent area is home to numerous shops, restaurants and entertainment and is convenient to Interstate 75, the Katy Trail and the residential neighborhoods of Highland Park, Lakewood and University Park.

The Knox Street corridor is one of the top performing markets in the Dallas MSA and the country, achieving the highest office rents in the Sunbelt outside of Miami. The developers’ sister project, 3333 Knox, achieved full occupancy at record rents two years prior to delivery, clearly demonstrating the pent-up demand for Class AA office space in the market and positioning Knox & McKinney for immediate success.

The JLL Capital Markets Debt Advisory team representing the borrowers was led by Debt Platform leader and Executive Managing Director Trey Morsbach, Senior Managing Director and Dallas Office Co-head Jim Curtin, Vice President Rex Cruz and Analyst Obi Eboh.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.5 trillion in assets under supervision globally as of September 30, 2025.

Established in 1991, Real Estate at Goldman Sachs Alternatives is one of the leading investors in real estate with over $60 billion in capital invested since 2012 across the spectrum of investment strategies from core to opportunistic and credit. The global team invests across all sectors with deep expertise across the capital structure, in assets ranging from single properties to large portfolios, through senior mortgages, mezzanine debt and equity. Follow Goldman Sachs Alternatives on LinkedIn.

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.