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Zobele Group Leases Industrial Space At 3502 Regency Crest Dr Garland TX From Stag Texas Holdings

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LEASED

Texas

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Industrial164,419 SF
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LEASED

Zobele Group Leases Industrial Space At 3502 Regency Crest Dr Garland TX From Stag Texas Holdings

3502 Regency Crest Dr, Garland, TX...

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Industrial164,419 SF
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Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:164,419 SF
Transaction Type:Lease

The property asset involved in this transaction is an industrial lease located at 3502 Regency Crest Drive, Garland, TX. This facility encompasses a total area of 164,419 square feet and is situated in the Garland market. The tenant in this lease agreement is Zobele Group, a product development and manufacturing firm based in Italy, while the landlord is Stag Texas Holdings.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 3502 Regency Crest Dr, Garland, TX
  • Market: Garland
  • Square Feet: 164,419
  • Tenant: Zobele Group
  • Landlord: Stag Texas Holdings
  • Tenant's Representative: Terry Darrow - JLL
  • Landlord's Representative: Ryan Wolcott - Stream Realty Partners

This transaction was facilitated by Terry Darrow and Chris Stout of JLL, who represented the tenant, Zobele Group, during the lease negotiations. Ryan Wolcott from Stream Realty Partners acted as the representative for the landlord, Stag Texas Holdings. The expected move-in date for Zobele Group is planned for the second quarter of 2018.

Players

Ryan Wolcott
11 deals$33.6K volume
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Details

LEASED
IMAGE: 3502 Regency Crest Dr, Garland, TX... MARKET: Garland ASSET TYPE: Industrial TENANT'S REP: Terry Darrow -JLL LANDLORD'S REP: Ryan Wolcott -Stream Realty Partners⁠ TENANT: Zobele Group LANDLORD: Stag Texas Holdings SQUARE FEET: 164419

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Deal Type
Effective Rent (Annual)

$9,424,397.86

Total Lease Value

$94,243,978.63

Net Landlord Cash Flow$9,424,397.86