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Lee & Associates Brokers 12,271 SF Industrial Lease At Grove Business Park In Richardson

Property Image
LEASED
George Tanghongs
Jessica Reinhardt
Byron McCoy

Texas

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Industrial12,271 SF
Leased 08/15/2023
the dealplayerscompscontact
Property Image
LEASED

Lee & Associates Brokers 12,271 SF Industrial Lease At Grove Business Park In Richardson

777 Grove Rd Richardson, Tx 75081, Usa

See Similar Deals
Industrial12,271 SF
Leased 08/15/2023
George Tanghongs
Jessica Reinhardt
Byron McCoy
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:12,271 SF
Transaction Type:Lease

A 12,271 square foot industrial lease has been brokered at Grove Business Park in Richardson. The property, located at 777-797 Grove Road, is part of the industrial segment. The lease involves the tenant, English Color & Supply LLC, a specialist in automotive paint.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not available
  • Address: 777-797 Grove Road
  • Market: Richardson
  • SF: 12,271

The lease was facilitated by Jessica Reinhardt and George Tanghongs from Lee & Associates, who represented the landlord, Dallas North Industrial LLC. On the other hand, Byron McCoy from Younger Partners served as the tenant's representative for English Color & Supply LLC. This deal marks an important collaboration between the two broker teams in securing the industrial lease for the tenant.

Players

George Tanghongs
Lee & Associates
George Tanghongs
7 deals
BROKER
Jessica Reinhardt
Lee & Associates
Jessica Reinhardt
5 deals(972) 891-5236
BROKER
Byron McCoy
Younger Partners
Byron McCoy
1 deal(214) 294-4417
BROKER

Details

LEASED
IMAGE: Jessica Reinhardt, George Tanghongs & Byron McCoy DATE: 08/15/2023 ADDRESS: 777-797 Grove Road MARKET: Richardson ASSET TYPE: Industrial ~ SF: 12,271 LANDLORD: Dallas North Industrial LLC TENANT: English Color & Supply LLC LANDLORD'S REP: Jessica Reinhardt & George Tanghongs - Lee & Associates (@LeeAssociatesdfw) TENANT'S REP: Byron McCoy - Younger Partners (@YoungerPartners) NOTE: Lee & Associates brokered a 12,271 sq ft industrial lease at Grove Business Park in Richardson. The deal involved landlord representation by Jessica Reinhardt and George Tanghongs, and tenant representation by Byron McCoy for automotive paint specialist English Color & Supply LLC.

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Deal Type
Effective Rent (Annual)

$703,366.32

Total Lease Value

$7,033,663.15

Net Landlord Cash Flow$703,366.32