facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Texas

/

Office

/

Lease

/

2021 Mckinney Avenue

Greenberg Traurig Signs Lease For 49400 Square Feet At McKinney & Olive In Uptown Dallas
LEASEDOffice

Greenberg Traurig Signs Lease For 49400 Square Feet At McKinney & Olive In Uptown Dallas

2021 Mckinney Avenue

Building Size

49,400 SF

Asset Type

Office

Closing

Oct 17, 2024

AI

The property asset involved in this transaction is an office space located at 2021 McKinney Avenue in Dallas, encompassing a total square footage of 49,400. The asset is part of McKinney & Olive, a 20-story office building situated in the Uptown Dallas market. The building is owned by Granite Properties and Highwoods Properties and includes amenities such as a rooftop terrace and in-building restaurants.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2021 Mckinney Avenue
  • Market: Dallas
  • Square Footage: 49,400
  • Landlords: Will Hendrickson - Granite Properties; Ted Klinck - Highwoods Properties
  • Tenant: Brian Duffy - Greenberg Traurig

The deal features the involvement of Will Hendrickson and Ted Klinck as the landlord representatives from Granite Properties and Highwoods Properties, respectively. In this transaction, Brian Duffy represents the tenant, Greenberg Traurig, who is set to relocate from its current office in the Dallas Arts Tower by spring 2026 and will occupy two floors in the building.

Players

Dallas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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