A rapidly growing financial holding company has targeted a North Dallas office building for its headquarters.
Triumph Financial just purchased the 10-story, 257,000-square-foot One Lincoln Park, at 8401 North Central Expressway, and will rename it One Triumph Place, the Dallas Morning News reported.
The seller was Atlanta-based Piedmont Office Realty Trust, which had owned the property for about a decade, according to county records. Terms of the deal were not disclosed.
The company, which encompasses TriumphPay, Triumph and TBK Bank, plans to move into the building in 2026, following extensive renovations. The acquisition expands Triumph Financial’s North Texas footprint, as it has offices at 12700 Park Central, 6060 Sherry Lane and 2501 Burbank Street in Dallas, along with a location in the northwest suburb of Coppell.
Triumph Financial’s purchase was driven by its fast-growing workforce. Over the past four years, the company’s employee headcount has increased from 350 to over 1,500, with 75 percent of 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 transformative journey,” Triumph Financial CEO Aaron Graft told the outlet. “The city of Dallas’ business-friendly culture, together with the area’s growing, talented workforce have been a real part of our success.”
The company’s future headquarters building is 60 percent leased, down considerably from the Dallas-Fort Worth average of about 79 percent, according to Cushman & Wakefield. It will house roughly 500 employees, with plans to expand into additional spaces as tenant leases expire, the outlet reported.
—Quinn Donoghue
