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Uber Leases 450000 Square Feet At 2550 Pacific Ave Dallas From Westdale Real Estate

Property Image
LEASED
John Ellerman
Dennis Barnes
+ 1

Texas

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Mixed-use450,000 SF
Leased 08/21/2019
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LEASED

Uber Leases 450000 Square Feet At 2550 Pacific Ave Dallas From Westdale Real Estate

2550 Pacific Ave, Dallas, TX, 75226

See Similar Deals
Mixed-use450,000 SF
Leased 08/21/2019
John Ellerman
Dennis Barnes
+ 1
Contact now

Summary

TEXAS
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:450,000 SF
Transaction Type:Lease

Uber has signed a lease for a total of 450,000 square feet at 2550 Pacific Ave, Dallas, TX, 75226, situated in the Dallas market. The property is part of The Epic, a mixed-use development that will include a 23-story office building, which upon completion will total 470,000 square feet. Uber is currently set to occupy 168,000 square feet on the ninth to 15th floors of the existing Epic office tower starting in July 2020.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 2550 Pacific Ave, Dallas, TX, 75226
  • Square Feet: 450,000
  • Tenant: Uber
  • Landlord: Westdale Real Estate Investment and Management
  • Tenant's Representative: John Ellerman (CBRE)
  • Broker: Dennis Barnes (CBRE)

The deal involves significant contributions from both parties, with Dennis Barnes, Tommy Nelson, and Ben Davis of CBRE representing Westdale Real Estate Investment and Management, while Phil Puckett, John Ellerman, and Harlan Davis of CBRE represented Uber in this transaction.

Players

John Ellerman
4 deals
BROKER

Tommy Nelson
CBRE
4 deals
BROKER

Dennis Barnes
CBRE
4 deals
BROKER

Phil Puckett
CBRE
3 deals(214) 979-6506
BROKER

LANDLORD

TENANT

Details

LEASED
IMAGE: 2550 Pacific Ave, Dallas, TX, 75226 MARKET: Dallas TENANT'S REP: John Ellerman(CBRE) BROKERS: Dennis Barnes(CBRE) TENANT: Uber LANDLORD: Westdale Real Estate Investment and Management SQUARE FEET: 450000

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Deal Type
Effective Rent (Annual)

$25,793,728.45

Total Lease Value

$257,937,284.51

Net Landlord Cash Flow$25,793,728.45