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Common Desk Leases 26750 Square Feet At 1250 Lake Plaza Dr From USAA Real Estate

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LEASED
Dennis Tarro
Chrissy Wilson
+ 1

Texas

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Mixed-use26,750 SF
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Property Image
LEASED

Common Desk Leases 26750 Square Feet At 1250 Lake Plaza Dr From USAA Real Estate

1250 Lake Plaza Dr, Spring, TX, 77389

See Similar Deals
Mixed-use26,750 SF
Dennis Tarro
Chrissy Wilson
+ 1
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Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:26,750 SF
Transaction Type:Lease

The property involved in this transaction is a 26,750-square-foot leased space located at 1250 Lake Plaza Dr, Spring, TX, 77389, situated in the Montgomery market. The space is part of City Place, a mixed-use development in the northern Houston suburb of Spring, owned by Patrinely Group in partnership with USAA Real Estate.

Summary of transaction details:

Common Desk, a Dallas-based provider of coworking and flexible workspace solutions, has opened this location. The lease negotiations were facilitated by Chrissy Wilson and Matt Pruitt of JLL. Common Desk has also recently expanded its presence by opening a 25,000-square-foot space at HALL Park in Frisco.

Players

3 deals
BROKER


Chrissy Wilson
JLL
4 deals(713) 888-4062
BROKER

Phillip Moore
Patrinely Group
1 deal
BROKER

USAA Real Estate
LENDER

Details

LEASED
IMAGE: 1250 Lake Plaza Dr, Spring, TX, 77389 MARKET: Montgomery LANDLORD'S REP: Matt Pruitt-JLL, Chrissy Wilson-JLL, Dennis Tarro TENANT: Common Desk LANDLORD: USAA Real Estate SQUARE FEET: 26750

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Deal Type
Effective Rent (Annual)

$1,533,293.86

Total Lease Value

$15,332,938.58

Net Landlord Cash Flow$1,533,293.86