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RealTime Labs Leases 7,334 SF Office Space At Castle Hills Village Shops In Lewisville

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LEASED

Texas

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Mixed-use7,334 SF
Leased 03/12/2021
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LEASED

RealTime Labs Leases 7,334 SF Office Space At Castle Hills Village Shops In Lewisville

Castle Hills Village Shops & Plaza, 2540 King Arthur Blvd, Lewisville, TX, USA

See Similar Deals
Mixed-use7,334 SF
Leased 03/12/2021
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Summary

TEXAS
Asset Type:Mixed-use
Total Square Footage:7,334 SF
Transaction Type:Lease

The Castle Hills Village Shops in Lewisville recently brokered a lease deal for a 7,334-square-foot office space with RealTime Laboratories. This new lease is for their corporate headquarters and was facilitated by Bright Realty brokers Britton Lankford, Dan Looney, and Nick Miller. RealTime Labs offers a range of testing services, including COVID and antibody testing. As their permanent lab in Carrollton undergoes repairs from the winter storm, they are currently operating temporarily from a storefront location at the Village Shops, providing consumer testing services.

Summary of transaction details

  • Property Type: Mixed-use
  • Address: 2540 King Arthur Blvd, Lewisville
  • Market: Lewisville
  • Tenant: RealTime Labs
  • Landlord: Castle Hills Village Shops, LLC
  • Asking Rent: $20/ft.
  • Square Footage: 7,334
  • Brokers: Britton Lankford, Dan Looney, and Nick Miller - Bright Realty

The Castle Hills Village Shops, located within the Castle Hills master-planned community, offers a variety of unique eateries, such as The London Baker and Ramen Izakaya Akira. It also provides conveniences like hair salons, dental offices, and a convenience store. The Village Shops features an outdoor plaza with seating, a stage, and water features for community events and gatherings. With multiple retail and office opportunities available, it serves as a neighborhood destination in Lewisville.

Players

Nick Miller
10 deals$61.9M volume
BROKER

Dan Looney
Bright Realty
6 deals
BROKER

Details

LEASED
IMAGE: Britton Lankford, Dan Looney, & Nick Miller DATE: 03/12/2021 ADDRESS: Castle Hills Village Shops - 2540 King Arthur Blvd MARKET: Lewisville ASSET TYPE: Mixed-use TENANT: RealTime Labs LANDLORD: Castle Hills Village Shops, LLC BROKERS: Britton Lankford, Dan Looney, & Nick Miller - Bright Realty ASKING RENT $20/ft. ~ SF: 7,334 NOTE: Bright Realty brokered a 7,334-square-foot office lease with RealTime Laboratories at the Castle Hills Village Shops in Lewisville for their new corporate headquarters. RealTime Labs offers COVID and antibody testing, as well as an array of other health and environmental testing services. In addition to its new corporate office at the Village Shops, RealTime Labs is operating temporarily from a storefront location offering consumer testing at the Village Shops while its permanent lab in Carrollton is undergoing repairs from the winter storm last month. Bright Realty's Britton Lankford, Nick Miller and Dan Looney represented the landlord. The Castle Hills Village Shops is a neighborhood destination within the Castle Hills master-planned community. It has a number of unique eateries, including the Food Network-featured The London Baker and Ramen Izakaya Akira, one of the Dallas Morning News’ top-rated ramen shops in DFW. It also offers conveniences such as a women’s hair salon, men’s barber and nail salon as well as dental, chiropractic and orthodontic offices, a convenience store and more. In addition to the restaurants and shops, the Village Shops has an outdoor plaza area with shaded seating, a permanent stage and water features for casual neighborhood get-togethers as well as popular developer-sponsored community events. It is located at 2540 King Arthur Blvd. and has multiple retail and office opportunities available.

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Deal Type
Effective Rent (Annual)

$420,380.45

Total Lease Value

$4,203,804.54

Net Landlord Cash Flow$420,380.45