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10440 N Central Expy Dallas...

Witherite Law Group Renews And Expands Headquarters At Meadow Park Tower In North Dallas
LEASEDOffice

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

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

Richmond Collinsworth

Bradford Commercial Real Estate Services

Broker

15 deals

Broker

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