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2201 Lakeside Boulevard

Updated Sep 23, 2026

John Stankey Of AT&T Expands Lease At 2201 & 2221 Lakeside Boulevard In Richardson For 190,000 SF
LEASEDOffice

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

Leon Backes

Provident Realty Advisors

Landlord

$32M

vol

8 deals

Landlord
John Stankey

John Stankey

AT&T

Tenant

$19.4M

vol

4 deals

Tenant
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Lakeside 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

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