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1720 Lakepointe Drive

GL Corporate Pointe LP Leases 80,103 Square Feet At 1720 Lakepointe Drive In Lewisville
LEASEDOffice

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

Eric Crutchfield

Stream Realty Partners⁠

Broker

5 deals

Broker
Prime Controls
Prime ControlsTenant

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