GL Corporate Pointe LP Leases 80,103 Square Feet At 1720 Lakepointe Drive In Lewisville
1720 Lakepointe Drive
Building Size
80,103 SF
Asset Type
Office
Closing
Feb 18, 2026
AI
The asset involved in this lease transaction is located at 1720 Lakepointe Drive in Lewisville, Texas. This office property encompasses a total of 80,103 square feet and has reached full occupancy following the recent agreements.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1720 Lakepointe Drive
- Market: Lewisville
- Landlord: GL Corporate Pointe LP
- Tenant: Prime Controls & BayMark Health Services
- Landlord's Representative: Michael Bowles - Avison Young
- Tenant's Representatives: Eric Crutchfield - Stream Realty Partners; Jeff Eiting - Site Selection Group
- Lease Details: New 49,715-sf lease with Prime Controls, 30,388-sf renewal with BayMark Health Services
- Total Square Footage Leased: 80,103
Avision Young's Michael Bowles represented GL Corporate Pointe LP in both transactions, successfully negotiating the new lease with Prime Controls and the renewal for BayMark Health Services. Eric Crutchfield and Jeff Eiting represented the tenants in these dealings.
Players
Lewisville 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