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Gray Reed Leases 50,000 SF Office At 1845 Woodall Rodgers Freeway In Dallas

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LEASED

Texas

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Office50,000 SF
Leased 10/28/2024
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LEASED

Gray Reed Leases 50,000 SF Office At 1845 Woodall Rodgers Freeway In Dallas

1845 Woodall Rodgers Freeway

See Similar Deals
Office50,000 SF
Leased 10/28/2024
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Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:50,000 SF
Transaction Type:Lease

The property asset involved in this transaction is located at 1845 Woodall Rodgers Freeway in Dallas. It is an office space totaling 50,000 square feet. The lease type is a NNN Lease, indicating that the tenant is responsible for property taxes, insurance, and maintenance costs in addition to rent.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1845 Woodall Rodgers Freeway
  • Market: Dallas
  • Landlord: Woodbine Development Corporation & First United Bank
  • Tenant: Gray Reed
  • Landlord's Representative: Alexis Martinez - Woodbine Commercial
  • Tenant's Representatives: John Beach & Jay Magness - Newmark

Key individuals involved in this transaction include Alexis Martinez representing the landlord Woodbine Development Corporation and First United Bank. The tenant, Gray Reed, is represented by John Beach and Jay Magness from Newmark, highlighting a collaboration between these real estate professionals in securing the lease agreement.

Players

John Beach
8 deals$63M volume
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Details

LEASED
IMAGE: Alexis Martinez, John Beach & Jay Magness DATE: 10/28/2024 ADDRESS: 1845 Woodall Rodgers Freeway MARKET: Dallas ASSET TYPE: Office ~ SF: 50,000 LANDLORD: Woodbine Development Corporation & First United Bank (@First.United.Bank) TENANT: Gray Reed LANDLORD'S REP: Alexis Martinez (@AMarttx) - Woodbine Commercial TENANT'S REP: John Beach & Jay Magness (@J_a_y_Mag) - Newmark (@Newmark) LEASE TYPE: NNN Lease

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Deal Type
Effective Rent (Annual)

$2,865,969.83

Total Lease Value

$28,659,698.28

Net Landlord Cash Flow$2,865,969.83