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Codina Partners Leases 26127 Square Feet At 14131 Midway Rd Addison With Grant Sumner As The Broker

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LEASED

Texas

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Office26,127 SF
Leased 02/22/2021
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Property Image
LEASED

Codina Partners Leases 26127 Square Feet At 14131 Midway Rd Addison With Grant Sumner As The Broker

14131 Midway Rd, Addison, TX, 75001

See Similar Deals
Office26,127 SF
Leased 02/22/2021
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:26,127 SF
Transaction Type:Lease

Greenhill Towers, located at 14131 Midway Rd, Addison, TX, comprises 267,542 square feet and was built in 1986. The property has recently undergone an $8 million transformation and features amenities including Ascension Coffee and Cafe, a tenant conference center, a first-class fitness center, and a dry-cleaning service. The address falls within the Addison market and has been leased to ATW Corp for a total area of 26,127 square feet.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 14131 Midway Rd, Addison, TX, 75001
  • Landlord: Codina Partners
  • Landlord's Representative: Grant Sumner (Forge Commercial)
  • Tenant: ATW Corp.
  • Size of Lease: 26,127 square feet
  • Building Features: Double air filtration system, health and safety features, close proximity to Dallas North Tollway and major developments.
  • Management Company: Crescent Property Services
  • Representing ATW: Dan Zeltser, Partner at WORK, a Shop Co.
  • Representing Codina Partners: Grant Sumner and Russell Podraza, Avison Young

Pramod Raju, chief financial officer at ATW, highlighted that the move to Greenhill Towers for their new headquarters was motivated by a need to enhance the employee experience through upgraded spaces, amenities, and location. The health and safety features of the building were also a significant consideration in their decision-making process.

Players

Grant Sumner
3 deals(214) 244-6972
BROKER


LANDLORD

Details

LEASED
IMAGE: 14131 Midway Rd, Addison, TX, 75001 MARKET: Addison LANDLORD'S REP: Grant Sumner(Forge Commercial) TENANT: LANDLORD: Codina Partners SQUARE FEET: 26127

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Deal Type
Effective Rent (Annual)

$1,497,583.87

Total Lease Value

$14,975,838.74

Net Landlord Cash Flow$1,497,583.87