Arlington, Texas, December 17, 2025
Two office towers in Arlington, Texas, Copeland Tower and Stadium Place, are facing sale as their values decline and vacancies rise. Combined, they encompass over 210,000 square feet, with recent appraisals dropping significantly. Factors contributing to this situation include economic conditions, remote work trends, and substantial debt. The anticipated sale in early 2026 signifies ongoing challenges in the local office market, with potential redevelopment options being considered to stabilize these properties.
Arlington Office Towers Copeland Tower and Stadium Place Face Sale Amid Declining Values and High Vacancies
Arlington, Texas – Two office towers in Arlington, Copeland Tower and Stadium Place, are nearing sale as their values continue to decline and vacancy rates remain high. The properties, totaling over 210,000 square feet, are expected to be marketed for sale in early 2026, according to recent reports.
Declining Values and High Vacancy Rates
Copeland Tower, a 12-story building at 1250 East Copeland Road, and Stadium Place, a five-story building at 1200 East Copeland Road, have experienced significant challenges in recent years. As of September 24, 2025, the combined appraised value of the towers fell to $9.4 million, down approximately 67% from a $29 million valuation in 2018. The properties are burdened with at least $18.6 million in outstanding mortgage debt. Leasing conditions have also been unfavorable, with Copeland Tower’s occupancy stuck at 40% since the start of the year, and Stadium Place’s occupancy slipping to 68% from 77% in February. Major tenants include the Texas Department of Family & Protective Services and Meyer Distributing. Northstar Energy Services’ lease expired in November, and the state agency’s lease at Stadium Place runs through 2027.
Background and Market Context
Built in the 1980s, Copeland Tower and Stadium Place are located just over a mile from Arlington’s Entertainment District, near major attractions such as AT&T Stadium and Globe Life Park. The Arlington-Mansfield Class B office market encompasses about 3.8 million square feet, with a vacancy rate hovering above 13% this year. The decline in property values and high vacancy rates reflect broader challenges in the commercial real estate market, influenced by factors such as remote work trends and economic conditions. In response to these challenges, Arlington has adopted an adaptive reuse policy to facilitate the conversion of vacant office spaces into residential units, aiming to address housing shortages and revitalize underutilized properties.
Potential Sale and Future Outlook
The anticipated sale of Copeland Tower and Stadium Place in early 2026 highlights the ongoing struggles in Arlington’s office market. The properties’ declining values and high vacancy rates underscore the need for strategic planning and potential redevelopment to adapt to changing market dynamics. Stakeholders are closely monitoring the situation, considering various options to stabilize the properties and enhance their appeal to potential buyers or tenants.
Frequently Asked Questions (FAQ)
What are Copeland Tower and Stadium Place?
Copeland Tower and Stadium Place are two office towers located in Arlington, Texas, near the city’s Entertainment District. Copeland Tower is a 12-story building at 1250 East Copeland Road, and Stadium Place is a five-story building at 1200 East Copeland Road. Together, they total over 210,000 square feet of office space.
Why are these properties being sold?
The properties are being sold due to declining values and high vacancy rates. As of September 24, 2025, the combined appraised value of the towers fell to $9.4 million, down approximately 67% from a $29 million valuation in 2018. Leasing conditions have also been unfavorable, with Copeland Tower’s occupancy at 40% and Stadium Place’s at 68%.
What is Arlington’s adaptive reuse policy?
Arlington’s adaptive reuse policy facilitates the conversion of vacant office spaces into residential units. This initiative aims to address housing shortages and revitalize underutilized properties, providing a flexible approach to urban development in response to changing market dynamics.
Key Features of Copeland Tower and Stadium Place
| Feature | Copeland Tower | Stadium Place |
|---|---|---|
| Location | 1250 East Copeland Road, Arlington, TX | 1200 East Copeland Road, Arlington, TX |
| Size | 126,628 square feet | 84,653 square feet |
| Floors | 12 | 5 |
| Year Built | 1987 | 1984 |
| Renovation | 2017 | 2022 |
| Occupancy Rate (as of September 2025) | 40% | 68% |
| Major Tenants | Texas Department of Family & Protective Services, Meyer Distributing | Texas Department of Family & Protective Services, Meyer Distributing |
| Outstanding Mortgage Debt | $18.6 million | $18.6 million |
| Appraised Value (as of September 2025) | $9.4 million | $9.4 million |
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