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147 Manufacturing Street

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
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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

Kim Brooks

Transwestern

Broker

9 deals

Broker

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