Kimley-Horn Signs 40,000 Square Foot Lease With Accesso At 1001 Winstead Drive In Cary NC
1001 Winstead Drive
Building Size
40,000 SF
Asset Type
Office
Closing
Jul 8, 2025
AI
The property asset involved in the transaction is an office space located at 1001 Winstead Drive, Cary, NC, covering a total area of 40,000 square feet. The landlord of the property is Accesso, and the tenant is Kimley-Horn.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Accesso
- Tenant: Kimley-Horn
- Tenant's Representative: Tucker Shade & Ben Onderdonk - Savills
- Brokers: Brad Corsmeier & Brian Carr - CBRE
The lease for nearly 40,000 square feet was signed by Kimley-Horn at Weston I, which is part of a $6.5 million upgrade that includes new amenities. Savills represented the tenant, while CBRE represented the landlord in this transaction.
Players
Cary Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93