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12377 Merit Drive

CRC Group Signs 49000 SF Office Lease At Lakeside Square In Dallas With Acram Group
LEASEDOffice

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:

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

Trevor Franke

JLL

Broker

4 deals

Broker
Lincoln Property Company
Lincoln Property CompanyBrokerage
JLL
JLLBrokerage

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