CRC Group Signs 49000 SF Office Lease At Lakeside Square In Dallas With Acram Group
12377 Merit Drive
Building Size
4,900 SF
Asset Type
Office
Closing
Jan 6, 2026
AI
The property involved in this transaction is an office asset located at 12377 Merit Drive, Dallas. It encompasses a total of 49,000 square feet of space and is owned by Acram Group. The lease commenced in January 2026 and has positioned Lakeside Square to achieve an occupancy rate of 85% following this agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 49,000
- Address: 12377 Merit Drive
- Market: Dallas
- Landlord: Acram Group
- Tenant: CRC Group
- Brokers: Gini Rounsaville, Trevor Franke, Conor McCarthy, Taylor Dickerson - JLL; Kyle Stanich - Lincoln Property Company
CRC Group signed the lease to consolidate over 200 employees from four local offices into this single location. JLL and Lincoln Property Company represented both the landlord and the tenant in this transaction, showcasing a successful collaboration between the involved parties.
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