Moroch Partners Relocates Headquarters To 24K SF Office Space In Dallas' Design District. Quadrant Investment Properties And Transwestern Negotiate Lease Deal. Savills Represents The Tenant
147 Manufacturing Street
Building Size
24,000 SF
Asset Type
Office
Closing
Sep 26, 2023
AI
Moroch Partners, a marketing firm, is relocating its headquarters from Hall Street to a 24,000-square-foot office space at 147 Manufacturing Drive in Dallas' Design District in 2024. The lease was negotiated with Quadrant Investment Properties by Transwestern, representing the landlord, and Savills, representing the tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 147 Manufacturing Drive, Dallas
- Market: Dallas
- Square Footage: 24,000 SF
The landlord, Quadrant Investment Properties, was represented by Chad Cook in the lease transaction. The tenant, Moroch Partners, was represented by Tom Moroch. The landlord's representatives from Transwestern included Paul Wittorf, Kim Brooks, Laney Delin, and Collin Burwinkel. The tenant's representatives from Savills were Jihane Boury and Clay Vaughn.
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