Crescent Real Estate Leases 81,860 SF Office Space In Uptown Dallas To UBS Financial, JPMorgan Chase, And More
100 Crescent Court
Building Size
81,860 SF
Asset Type
Office
Closing
May 11, 2022
AI
Located in Uptown Dallas, the 81,860 square foot office space at 100 Crescent Court has recently been leased. The lease transaction was finalized on May 11, 2022, with the notable involvement of Crescent Real Estate and John Goff as the landlord.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 100 Crescent Court
- Market: Uptown Dallas
- Size: 81,860 square feet
The leasing process was facilitated by Cushman & Wakefield and Newmark, acting as the brokers for the deal. The office space at 100 Crescent Court will be occupied by UBS Financial Services, JPMorgan Chase, Paragon Associates & Atalaya Capital Management, Maraboyina Capital, Child Care Investments LLC & Stonegate Capital Partners Inc.
Players
Dallas Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93