Dallas Stars arena development partner buys Oak Lawn building

September 5, 2026 - 00:11

A prominent Dallas development firm has quietly increased its footprint in the city's Oak Lawn neighborhood. Cawley Partners finalized a transaction last week that boosts its ownership position in The Centrum, a well-known mixed-use complex located along the busy thoroughfare near North Central Expressway.

The deal, which closed on Thursday, gives the company a controlling interest in the property that has been a fixture in the area for decades. The Centrum includes a 14-story office tower, ground-floor retail space, and a residential component, making it a key piece of the neighborhood's daily rhythm. Financial terms of the transaction were not disclosed, but county records indicate the sale involved a significant portion of the existing ownership structure.

Cawley Partners, led by veteran developer John Cawley, has been active in the Dallas market for over 30 years. The firm has a history of acquiring and repositioning commercial assets in established urban corridors. This latest move suggests a long-term commitment to the Oak Lawn area, which has seen steady demand for office and retail space despite broader market fluctuations.

The Centrum has undergone several renovations in recent years, including lobby upgrades and common area improvements. With the expanded ownership, Cawley Partners is expected to continue managing the property with an eye toward modernizing tenant amenities. No immediate changes to current leases or building operations have been announced. The deal adds to the firm's portfolio of properties across North Texas, which includes office parks, industrial sites, and mixed-use projects.