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2323 Cedar Springs Road

John A. Kiltz & Kenneth E. Aboussie, Jr. Of Stonelake Capital Partners Lease 16,008 SF Office In Dallas
LEASEDOffice

John A. Kiltz & Kenneth E. Aboussie, Jr. Of Stonelake Capital Partners Lease 16,008 SF Office In Dallas

2323 Cedar Springs Road

Building Size

16,008 SF

Asset Type

Office

Closing

Mar 3, 2026

AI

The property asset involved in this transaction is located at 2323 Cedar Springs Road in Dallas. It is an office asset with a total square footage of 16,008 square feet, part of the newly developed 23Springs building in Uptown Dallas.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not disclosed
  • Address: 2323 Cedar Springs Road
  • Market: Dallas
  • Landlord: Will Hendrickson - Granite Properties
  • Tenant: John A. Kiltz & Kenneth E. Aboussie, Jr. - Stonelake Capital Partners
  • Landlord's Representative: Robert Jimenez, Burson Holman & Elizabeth Fortado - Granite Properties
  • Tenant's Representative: Peery Wood - Stream Realty Partners

The transaction involved Stonelake Capital Partners signing a new lease, relocating and expanding from The Crescent to the ninth floor of the 23Springs building. Granite Properties, as the landlord, was represented internally, while Stream Realty Partners represented the tenant in this deal.

Players

Robert Jimenez

Granite Properties

Broker

4 deals

Broker
Kenneth E. Aboussie, Jr.

Kenneth E. Aboussie, Jr.

Stonelake Capital Partners

Tenant

$63.1M

vol

10 deals

Tenant

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