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Challenge Manufacturing Co Renews Industrial Lease At 5101 Statesman Drive In Irving

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LEASED
Maddy Canty
Canon Shoults
+ 1

Texas

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Industrial91,364 SF
Leased 08/28/2023
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LEASED

Challenge Manufacturing Co Renews Industrial Lease At 5101 Statesman Drive In Irving

5101 Statesman Drive

See Similar Deals
Industrial91,364 SF
Leased 08/28/2023
Maddy Canty
Canon Shoults
+ 1
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:91,364 SF
Transaction Type:Lease

Challenge Manufacturing Co. has renewed its 91,364-square-foot industrial lease at 5101 Statesman Drive in Irving. The full-building lease was negotiated by Holt Lunsford Commercial and JLL for the landlord, Oxford Properties, and the tenant, respectively.

Summary of transaction details:

Canon Shoults and Maddy Canty from Holt Lunsford Commercial represented the landlord, Oxford Properties, in the lease negotiation. On the tenant's side, Nathan Orbin from JLL acted as the representative for Challenge Manufacturing Co. This lease renewal allows Challenge Manufacturing Co. to continue its operations in the 91,364-square-foot industrial space at 5101 Statesman Drive in Irving.

Players

Canon Shoults
17 deals
BROKER

Maddy Canty
Holt Lunsford Commercial
7 deals
BROKER

Nathan Orbin
JLL
6 deals
BROKER

Oxford Properties Group
BROKERAGE

Daniel Fournier
Oxford Properties Group
5 deals$136M volume
LANDLORD

Daniel Fournier
Ivanhoé Cambridge
5 deals$136M volume
LANDLORD

Details

LEASED
IMAGE: Nathan Orbin, Canon Shoults, Maddy Canty & Daniel Fournier DATE: 08/28/2023 ADDRESS: 5101 Statesman Drive MARKET: Irving ASSET TYPE: Industrial ~ SF: 91,364 LANDLORD: Oxford Properties (@OxfordPartnershTx) - Daniel Fournier TENANT: Challenge Manufacturing Co LANDLORD'S REP: Canon Shoults & Maddy Canty - Holt Lunsford Commercial (@HoltLunsfordCRE) TENANT'S REP: Nathan Orbin - JLL (@JLL) NOTE: Challenge Manufacturing Co. has renewed its 91,364-square-foot industrial lease at 5101 Statesman Drive in Irving. The full-building lease was negotiated by Holt Lunsford Commercial and JLL for the landlord, Oxford Properties, and the tenant, respectively.

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Deal Type
Effective Rent (Annual)

$5,236,929.35

Total Lease Value

$52,369,293.47

Net Landlord Cash Flow$5,236,929.35