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1717 Main Street

Morgan, Lewis & Bockius Renews 29,360 Square Foot Office Lease At Comerica Bank Tower In Dallas
LEASEDOffice

Morgan, Lewis & Bockius Renews 29,360 Square Foot Office Lease At Comerica Bank Tower In Dallas

1717 Main Street

Building Size

29,360 SF

Asset Type

Office

Closing

Oct 22, 2024

AI

The property involved is an office asset located at 1717 Main Street in Dallas, comprising a total square footage of 29,360. Morgan, Lewis & Bockius has renewed its lease for this space at Comerica Bank Tower.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1717 Main Street
  • Market: Dallas
  • Asset Size: 29,360 SF
  • Tenant: Morgan, Lewis & Bockius
  • Landlord's Representative: Patrick Cruz, Rhett Miller & Sam Bass - Stream Realty Partners
  • Tenant's Representative: Daryl Mullin & Jon McNeil - JLL

In the negotiations for this lease renewal, the landlord was represented by representatives from Stream Realty Partners, while JLL represented the tenant, the law firm Morgan, Lewis & Bockius. The involvement of these brokerage teams was critical in facilitating the agreement.

Players

Rhett Miller IV

Stream Realty Partners⁠

Broker

5 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