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2101 Cedar Springs

Rosewood Property Company Leases Office Space To Standly Law Group In Uptown Dallas
LEASEDOffice

Rosewood Property Company Leases Office Space To Standly Law Group In Uptown Dallas

2101 Cedar Springs

Building Size

1,906 SF

Asset Type

Office

Closing

Aug 30, 2023

AI

Located in Uptown Dallas, the office space at 2101 Cedar Springs has recently been leased. The lease transaction took place on August 30, 2022, and the property is owned by Rosewood Property Company, represented by Rick Perdue. The tenant, Standly Law Group, will now occupy the space. The leasing process was facilitated by Dan & Luke Paterson from Swearingen Realty Group, who served as the tenant's representatives. Scott Walker, Kim Brooks, and Laney Underwood Delin from Transwestern Real Estate Services (TRS) acted as the landlord's representatives.

Summary of transaction details:

  • Property Type: Office
  • Transaction Date: 08/30/2022
  • Address: 2101 Cedar Springs
  • Market: Uptown Dallas
  • Asset Type: Office
  • Square Footage: 1,906

The leasing of this office space at 2101 Cedar Springs involved several key individuals and companies. Rick Perdue, representing Rosewood Property Company, served as the landlord. The tenant, Standly Law Group, was represented by Dan & Luke Paterson from Swearingen Realty Group. Additionally, Scott Walker, Kim Brooks, and Laney Underwood Delin from Transwestern Real Estate Services (TRS) played a role as the landlord's representatives. This deal showcases the collaboration between these different parties in securing the lease agreement.

Players

Kim Brooks

Transwestern

Broker

9 deals

Broker
Rick Perdue

Rick Perdue

Rosewood Property Company

Landlord

$175.9M

vol

9 deals

Landlord

Dallas 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