John Stankey Of AT&T Expands Lease At 2201 & 2221 Lakeside Boulevard In Richardson For 190,000 SF
2201 Lakeside Boulevard & 2221 Lakeside Boulevard
Building Size
190,000 SF
Asset Type
Office
Closing
Sep 18, 2026
About this deal
AI
The property involved in the transaction is an office asset located at 2201 & 2221 Lakeside Boulevard in Richardson, TX. This property encompasses a total of 190,000 square feet of office space, contributing to AT&T's total occupancy at the two-building complex of nearly 400,000 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11.5 million for improvements
- Landlord: Leon Backes - Provident Realty Advisors
- Tenant: John Stankey - AT&T
- City Grant Funding: Up to $4 million approved by Richardson
Leon Backes, representing Provident Realty Advisors, is overseeing the improvements planned for the office property, while John Stankey, representing AT&T, has committed to expanding the lease within the Lakeside campus. The enhancements aim to modernize the facilities significantly by utilizing the approved city grant funding.
Players
Lakeside Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Browse Texas office leases on Traded.
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