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
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