Witherite Law Group Renews And Expands Headquarters At Meadow Park Tower In North Dallas
10440 N Central Expy Dallas, TX 75231, USA
Building Size
71,596 SF
Asset Type
Office
Closing
Jun 5, 2023
AI
Witherite Law Group has renewed and expanded its headquarters in Meadow Park Tower, North Dallas. They have leased a full floor of class A space totaling 71,596 square feet, solidifying their position as the largest tenant in the tower. This move supports the law firm's growth plans across its four U.S. offices.
Summary of transation details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 10440 North Central Expressway
- Market: North Dallas
- Landlord: Bradford MPT Partners LP
- Tenant: Witherite Law Group
- Landlord's Rep: Jared Laake & Richmond Collinsworth - Bradford Commercial Real Estate Services
- Tenant's Rep: Pat Hanahan & Rick Currey - Fobare Commercial
The deal was facilitated by the landlord's representative, Jared Laake and Richmond Collinsworth of Bradford Commercial Real Estate Services, and the tenant's representative, Pat Hanahan and Rick Currey of Fobare Commercial.
Players
Texas 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