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
About this deal
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.
On the Map
Office
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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