Fibergrate Composite Structures Inc. Leases 13000 SF Office Space At FarmWorks One In Allen
1234 Johnson Road
Building Size
13,000 SF
Asset Type
Office
Closing
May 1, 2025
AI
An office space comprising 13,000 square feet has been leased at 1234 Johnson Road in the Allen market. The asset is part of FarmWorks One and previously served as the headquarters for the tenant relocating from Dallas.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1234 Johnson Road
- Market: Allen
- Landlord: Bruce Heller - JaRyCo
- Tenant: Eric Breiner - Fibergrate Composite Structures Inc.
- Landlord's Representative: Duane Henley & Nathan Durham - Newmark
- Tenant's Representatives: Anthony Delguyd - Hanna Commercial Real Estate; Mac Morse & Scott Morse - Citadel Partners
The deal involved representations by several key individuals. Bruce Heller represented the landlord, JaRyCo, while Eric Breiner represented the tenant, Fibergrate Composite Structures Inc. Nathan Durham and Duane Henley handled the representation of the landlord, while the tenant was represented by Anthony Delguyd, Mac Morse, and Scott Morse.
Players
Allen 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