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TelTech Communications Leases 198,854 Square Feet At 1901 Lakeside Pkwy From Black Creek Group

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LEASED

Texas

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Industrial198,854 SF
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LEASED

TelTech Communications Leases 198,854 Square Feet At 1901 Lakeside Pkwy From Black Creek Group

1901 Lakeside Pkwy, Flower Mound, T...

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Industrial198,854 SF
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:198,854 SF
Transaction Type:Lease

The industrial lease secured at 1901 Lakeside Parkway in Flower Mound involves a property that encompasses 198,854 square feet. The rear-load design of the facility includes features such as 32-foot clear heights, 180-foot truck courts, and provisions for 38 trailer parking spaces. The property, completed in 2019, is situated within the northern Fort Worth suburb, indicating its strategic location for logistics operations.

Summary of transaction details:

  • Property Type: Industrial Lease
  • Transaction Amount: Not disclosed
  • Address: 1901 Lakeside Pkwy, Flower Mound, Texas
  • Market: Flower Mound
  • Square Feet: 198,854
  • Landlord: Black Creek Group
  • Landlord's Representative: John Fulton - Transwestern
  • Tenant: TelTech Communications
  • Tenant's Representative: Tom Walrich - Lee & Associates

John Fulton and Brett Owens represented the landlord, Black Creek Group, while Tom Walrich acted on behalf of the tenant, TelTech Communications, during the lease negotiations. This transaction highlights the active participation of these professionals in facilitating the agreement between the involved parties.

Players

John Fulton
2 deals
BROKER

Black Creek Group
LANDLORD

Details

LEASED
IMAGE: 1901 Lakeside Pkwy, Flower Mound, T... MARKET: Flower Mound LANDLORD'S REP: John Fulton-Transwestern TENANT: TelTech Communications LANDLORD: Black Creek Group SQUARE FEET: 198854

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Deal Type
Effective Rent (Annual)

$11,398,191.28

Total Lease Value

$113,981,912.83

Net Landlord Cash Flow$11,398,191.28